Bitcoin/USD - $8200 potential end of local correction
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On $8200 we have 2 strong fibo supports: 61.8% retracement from 6k-12K uprise and 50% of 7.3k-9.17k move which looks like ABC correction which I pointed on the chart.
Note
It's also possible that 5th wave is behind us, which I now see basically confirmed by Morning Star formation on 30min scale.
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We are group of mostly Polish traders but welcome everyone to join our Discord crypto&fx group: ChartInsiders.com - discord.gg/dWaU2rS My Twitter Account: twitter.com/Crypto_Investor
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.