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Ron
Check out the broader view of the Fibonacci Circle used in this chart:
Check out the potential short term outlook:
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Check out the broader view of the Fibonacci Circle used in this chart:
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The 61.8% Fibonacci Level is holding up.
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Price is still ranging at the 61.8% Fibonacci level and Bitcoin has the potential to launch from this level. Accumulation phase is almost complete. Bullish signals are firing now.
Warning! Never dismiss the possibility of a break to the downside. Warning! Watch out for the FU move.
Best strategy for any scenario: 1. Place a trailing stop loss. 2. Never trade before the breakout!
Happy Trading Everyone.
Ron
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Price bounced off the 61.8% Fibonacci Level, and moving towards target of 161.8% Fibonacci Level.
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Price has met a strong resistance at 12K. Will price push up or drop? A drop to 10.8K will be a healthy move to bring in more buyers to push price up past the 112K and get this rocket higher up.
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Be Aware! Bitcoin is now in a Bearish Rising Wedge.
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The 61.8% Fibonacci Level has been re-tested. Time for a bounce and a bull run!!!!
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