[07/30] Beast Trading _ Today's Bitcoin Perspective

[07/30] Beast Trading _ Today's Bitcoin Perspective

As I said yesterday, Bitcoin broke its high point and rose to 24.4K.

Since then, it seems that the wave has emerged as a form of adjustment to the increase

In general, the adjustment wave is divided into three waves: A/B/C.

Now, wave A appeared as it fell into abc form, and wave B appears to be coming out in the form of convergence.

If the downward deviation occurs from the triangular convergence, the C wave will appear, and the target value will be 23k, which is the Fibonacci expansion value of 1:1 (the point where the A length and C length are equal).

23k is likely to be more meaningful because it overlaps with the Fibonacci 0.382 points (down 38.2% of the rise; universally supported) for the increase from 20.7k!

Today, please check where the convergence currently being drawn breaks and where it bounces, and if it breaks downward, please refer to what I said earlier!