Bitcoin: Target for downwards movement and retracement
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Bitcoin, next 14 days
Targets for downwards movement and retracement + even deeper fall
Targets for downwards movement and retracement + even deeper fall
Nota
Current movement end target for reversal at 8269Nota
This will go sideways for a while before finishing the waveIf we bounce between 9200-9280 we will retrace a little, targets in chart
Nota
Going above 8510 means we probably won't see 82xx and are in retracement up, as long as it stays below target is still validNota
Ok, low was 8205, now retracing8665 min. target, up to max 8942
I am starting to suspect we have a ABC down, now started B
Then we are doing C leg, which would then complete alts correction, those seem unfinished
Nota
Triangle, usually continuationNota
Broke out of smaller triangle, however the lines align much better for this oneNota
Watch downtrend channel and big blue triangle. Thinking it's down here if it dies notbreak now. Short with SL 8632Nota
expect abc up as correction, doing triangleTriangle itsself is the correctinal pattern
Potential outcome would be the triangle is wave 4, and wave 5 is incoming:
Nota
Zoomed in
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