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RE: Bitcoin (BTC) Morning: Why is This a Bullish Setup?
I don't understand why people call it a Bullshit? WHY? no worries BTC analysis won't be here any more after June 4th so your ass will be searching for some other post to call them out. Flag them or whatever tf you want to do.
Any how wave 1 was around =$3496
so by Fib ratio Wave 3 would be at least 1.618 times 1 so considering wave 2 to retrace .786 it would be 7194+ 1.618X$3496= $12850 which will break that ominous resistance at 12k. but who knows if wave 3 be 2.618 of 1 which means wave 3 will breach $16k and then arrive wave 5 which could take BTC pass ATH.