hey guys welcome for a short term update on Bitcoin
now the bearish
scenario in my last update had played very well and fib5 support around 8700 has perfectly holded by the bulls, this could be like the final C wave of this corrective wave, however most likely we could see a retest of even lower levels.
have a look at my last update here...
now moving towards the top chart, so as you see here is that a retest of 21 daily ema
(black line) might be possible around 8950 level and than we could drop
to even lower levels most likely fib618 level sitting around 8350.
here possibly we could form a bottom for wave 2 and than prices could take off to wipe out the previous highs of wave 1 around 10400, as wave 3
my custom indicator has made a bullish
call in 1h chart
but almost flat in 4h, sitting in green zone, slightly green signal for bulls in short term
here's bonus update for those who visited my profile for the first time, my one of the best works, the trap series 3rd edition, be amazed;)
alright guys that's all for now, dont forget to hit like and follow us so we keep bringing awesome new ideas for you
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this is Husain Zabir signing out...