Hello, dear friends!
After reaching the target at $28600 we told you that Bitcoin will not likely pump more at least without any significaant correction. And now it's happening! After small consolidation price was not able to break through the Fibonacci 0.61 level and dumped hardly.
In our opinion this is the beginning of our anticipated dump to 21K , but we, traders, want to consider the short term picture.
If BTCUSDT is now forming the impulsive wave to the downside it shall consists of 5 Elliott waves. Now we are looking at wave 3 which has the target at 1.61 Fibonacci or $26k. Also notice that liquidity pool is also locate there.
🚀Follow us and never miss update
After reaching the target at $28600 we told you that Bitcoin will not likely pump more at least without any significaant correction. And now it's happening! After small consolidation price was not able to break through the Fibonacci 0.61 level and dumped hardly.
In our opinion this is the beginning of our anticipated dump to 21K , but we, traders, want to consider the short term picture.
If BTCUSDT is now forming the impulsive wave to the downside it shall consists of 5 Elliott waves. Now we are looking at wave 3 which has the target at 1.61 Fibonacci or $26k. Also notice that liquidity pool is also locate there.
🚀Follow us and never miss update
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