$BTC - ANALYSIS 4h, SW (swing trade) We went up to 0.618 F | MJ Crypto™ Signals
$BTC - ANALYSIS
4h, SW (swing trade)
We went up to 0.618 Fibo as stated and even beyond forming new resistance zone including: - 52950 (previous high from leg I) - 52862 (GP upper boundary) - 51120 (GP lower boundary) - 50452 (previus dip point from 25th March alligned with spike up from 23rd August; 6 months later)
Leg II was 25% lower than leg I, wheras leg III should go way beyond leg I.
When resistance gets broken BTC will most probably fly into zone between 55800 and 58300.
However, we might see retracement happening inside Resistance zone 1 before that happens.
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