Bitcoin short term update
A quick followup to yesterday's post,The break from 38.2% (C) failed to make a new low and as mentioned, when this happens 61.8% (D) becomes the target. I also mentioned that a lot of the failures to make a new high/low after holding 38.2% come at 78.6%. This is exactly what they did overnight. We are now looking for 38000 (61.8%) and as the rally continues, it should start to hold 38.2% on the setbacks to confirm the uptrend. That is the short term view.
These are the long term swing points for the other cryptocurrencies,
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