Possible path to a correction at $13,000
I am expecting a rally up to the downward trendline near $12,500, then a fall down to $11,500-$12,000, and then followed by a rally to near $13,000.
After touching the critical level of $13,000, where there is a 0.618% fib retracement, a 0.50% fib retracement, and a previous pivot high, I expect an immediate sharp pullback.
I suggest you trade with low or no leverage. Best of luck.
After touching the critical level of $13,000, where there is a 0.618% fib retracement, a 0.50% fib retracement, and a previous pivot high, I expect an immediate sharp pullback.
I suggest you trade with low or no leverage. Best of luck.