BTC USD Fib play, as you can see from 3300 descending wedge we broke upwards to go into a 3 drives up pattern, chart explains how this works with the key fib levels. Each time this pattern plays out it will be slightly different, fib levels are just a guide line to the buy/sell zones. Use proper risk management when entering these positions. I have charted how this may play out on the new wedge break out, if we have good volume and the fib levels are respected this is a very profitable way to make maximum gains from this move up. I will post a follow up chart showing percentage gains from each level. I'm not expecting this move to follow exactly how i've shown, this is just a demonstration showing how it could play out and how you would maximize your returns from it. I would be using the Stoch RSI on the hourly for guidance on when levels are oversold or overbought just as extra help. Enjoy!
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