Check out this fib extension layout. Bitcoin stays nicely in between all the levels finding resistance and support all the way up. Staying in the trend channel now would mean $5200 between 22-8 and 27-8!!
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BTC broke down out of the ascending trend channel. chilling just above the 1 fib extension.. some consolidation would be nice and is needed, and would give alts a chance to catch up!Note
Lets hope the daily can close above $3930!
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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.