Bitcoin's (BTC) Next Move????

in #btc6 years ago

Hi there!

I am looking for a leg start to the upside here people.

The recent retracement is testing the 23% Fib Fan line again.

That makes it the FOURTH retest.

Typically, I notice that the more a level is retested, the weaker the market is getting.

However, I have also learned (the hard way) that it is not wise to bet against the trend.

Therefore, since the trend is riding the 23% Fib Fan line nicely, I am still bullish.

If it drops into the 2nd quadrant, then I will take profits and buy the dip.

If not, then I expect the trend to continue and hopefully a nice catalyst boosts BTC to the upside to make new highs!

Good luck!

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