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? ...

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

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with the present

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We can find out the retracement at 4971...

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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

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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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