Bitcoin and Black Swan pattern
Updated
At this point, I see the Black Swan harmonic pattern, so if BTC does not pierce the 25K resistance, I would expect a downside to the 20K level, where also is significant support.
Trade active
It's keep going down as planed. More over, today it's formed a bearish Pennant.So I am staying on my initial plan.
Note
Trade closed: target reached
It seems that technical analysis works great on BTC.So, let me post an update.
Wave 5 has been formed lately; consequently, if BTC does not break 27K, I am expecting a 10% correction and the formation of wave A
Note
It was quick. So now I am expecting a return to the 26K level
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