Hi Everyone . In my opinion there are many reasons that Bitcoin could be Bullish soon. If you use a Fib Channel on Bitcoin weekly chart, you will find the Most Reacted Area in the past , is between levels 0.618 and 0.876 , which could be a Dynamic Support AGAIN. (Area marked with black dash lines.) We also have a Downtrend Channel and you see price is currently in...
Hello Traders. As you know, we had an uptrend channel in the non-logarithmic chart of Bitcoin, which is broken from the bottom. We usually expect price to pullback to the broken area. On the other hand, we have two Blank Gaps in Bitcoin CME Futures. Don't forget that the current wave can be fourth wave. So i think will fill the top gap first, and then the other ....
Based on the fractal structure, bitcoin can have a short upward movement and then continue to decline.