Hey guys today ill be bringing you my thoughts on bitcoin.As you can see we have just had a major selloff in bitcoin but we hit the .618 retracement level this is very bullish in fact.IF we can hold this level the chances of completing this inverse head and shoulders is still good IF we break this level the chances we complete the inverse head and shoulders is none. Everyone thought bitcoin was going higher that's why the market makers decided to dump bitcoin and when everyone has lost hope of the bulls they will come back unexpectedly.The market makers are also teaching new traders a lesson do not go long before the breakout!
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