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sayedhfatimi

$BTC in Wave 5,top of channel target ~$364k

Bitcoin Liquid Index (BNC:BLX)  
sayedhfatimi Aggiornato   
BNC:BLX   Bitcoin Liquid Index
Fibonacci Chart Patterns Elliott Wave
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fibonacci chartpattern elliottwaves
  • The upward channel has been established
  • $BTC currently beginning wave 5
  • wave 4 support for subsequent bear market has been established
  • $BTC has NOT seen a bear market yet
Commento:
Inline with my above analysis, BTC appears to obey this fib fractal of meeting/overshooting the 18.618 fib level, the same analysis will set the price target of the wave 5 rally to ~$311k

snapshot
Commento:
drop below 7k highly improbable assuming market structure is not to break
snapshot

Idee correlate

sayedhfatimi
stark similarities of a previous bottoming pattern
sayedhfatimi
$BTC trading range tightening, volatile break before end of week
sayedhfatimi
drop below 7k highly improbable
sayedhfatimi
Have you ever seen a more bullish chart?
sayedhfatimi
Decision time for Bitcoin coming up?
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