BTCUSD Can See Limited Upside; Bulls Could Slowdown

On daily chart of bitcoin we see a big bullish impulse coming to and end with red wave 5. Red wave 5 is now trading around 2800 region and may ideally reach the Fibonacci ratio of 0.618, where bulls can slowdown and a new bigger three wave reversal can start to develop.

Disclosure: Please be informed that information we provide is NOT atrading recommendation or investment advice. All our work is for educational purposes only.
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