Bitcoin -2.89% price weakening. Didn't break $7,350. End of wave five now still to come it seems.
Note
My worst case scenario would be $5,338. I calculate two ways. Take high of $9,177.5 and low of $8271.1. Extension 1.618 of $7,710 did well. Extension of 2.618 of $6,804 did well too. Next extension of 4.326 is $5,338. Of course anything can happen to stop the price going lower in between. There is also one of my Bollinger arrow marks around the lowest level made around February low which could also give that worst case scenario some support.Note
If market breaks $7,629 I'll review.Note
Correction $7,269 i.e Wave 4/DNote
Check up my latest post "Bitcoin Big Picture Fib Secrets 4 Hour Chart Since Feb!"Watch out because there is a Williams Fractal pattern on 4 hr chart which occurred at February's low and may suggest Bitcoin may have found good enough support at $6,583.
Note
Above should read $6,533. Sorry.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.