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MY NOT SO MINIMALIST CHART ANALYSIS FOR $BTC for COINBASE:BTCUSD by Sanmig_Live

$BTC – BITCOIN 4 DAY CHART
MY NOT SO MINIMALIST ANALYSIS
5.23.21 1514H +8 PACIFIC

HORIZONTAL CORRECTION OR RETRACEMENT FURTHER DOWN to 0.618.

FROM 0.382 FIB LEVEL.

Question now is will it continue further down

the $18k zone to complete the AB=CD PATTERN?

Looking at 4 Days chart, Still no sign of a bullish price action except for the May 17’21.

Bitcoin had rallied pretty strong for a year now

and gone beyond 0.382 Level.

It must retest now 0.618 and if it fails,

this will go down to the 0.786 FIB Level of Retracement

(STILL, A Plausible AB=CD Pattern.)

MY ADJUSTED ENTRY and EXIT AREA OF VALUE and expected Bottoms and Tops of a Possible Long Upward Swing.

(INDICATORS as confluence only for my range boxes.)

Note:

Run your Fibs to verify

price action corrections and extension

levels. The Range boxes by themselves are

used as confluence to The Dynamics of

the Market.

Check pattern formations and candlestick

formations if you wish.

This is not a piece of financial advice.

I am just a student and still learning.

Adjustments will be made in

accordance with The Dynamics of the

Market along with Trading Psychology .

Postings are most often delayed, as it

takes time for me to finish several

assets in my portfolio.

Updates will be posted religiously if time

permits.

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