Bitcoin ratio trading! Another dip is forecasting to the $5377 levels

in bitcoin •  3 years ago  (edited)

If Bitcoin returned to its previous supports in the past will that happen again now? ...


Taking in consideration the ratio between the peaks and the MA50 breakouts...


with the present


We can find out the retracement at 4971...


Let's be more conservative and take the last higher peakof the bear market as the first support and we will get a slightly higher number at 5377


By looking at it on the chart it doesn't sit bad at all on the charts and I am pretty confident we shall at least make another last dip down to close the gaps!


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