BTCUSD dip done? Bitcoin pullback shows signs of Done-ness
Updated
Quick plot to study the probable bottom of retrace from 14k.
Left is 1h tf, showing perfect Hourly Candles around the 24.96 extension.
Right frames are small tf's, showing the fibonacci pattern of the pullback.
There are several signs of this dip being done, per all dips on this bull run.
Of course, it could easily dip lower or crash full 40% like others mention.
But the fundamentals and fomo-mentals are in full force and working.
There are targets above the chart frame, pull down on the price scale.
Part of my ongoing analysis of Bitcoin moves:
14k call <=Perfect
10k call <=6 wks ago
8.4k to 5.4k retrace
9.0k to 7.5k retrace
7.5k bounce Call <=Perfect
10k path laid out
10k final Leg
Left is 1h tf, showing perfect Hourly Candles around the 24.96 extension.
Right frames are small tf's, showing the fibonacci pattern of the pullback.
There are several signs of this dip being done, per all dips on this bull run.
Of course, it could easily dip lower or crash full 40% like others mention.
But the fundamentals and fomo-mentals are in full force and working.
There are targets above the chart frame, pull down on the price scale.
Part of my ongoing analysis of Bitcoin moves:
14k call <=Perfect
10k call <=6 wks ago
8.4k to 5.4k retrace
9.0k to 7.5k retrace
7.5k bounce Call <=Perfect
10k path laid out
10k final Leg
Note
At key level right now, the 2.236 .
Note
Possible double bottom with a perfect Ping of the 7.236 linear fib series .
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