Short

Possible Bitcoin retracement in the second half of January

Updated

I expect bitcoin to rise to 17k and then fall to 9k in the second half of January as a part of the Eliot wave retracement process.
Be cautious in that period!

Note

Resistance is formed at 14k. If it not gets broken in the next week, we can expect another bearish period and retrace to 9-10k.

Note

It seems that the second bitcoin fall has started.

Note

It seems that the second Elliott correction wave has started. I think that bitcoin will fall to 10k before becoming bullish again.

Note

Fibonacci levels adjusted

Note

If BTC fell to 12500$. that support will be tested 3rd time in three weeks. I think it will be broken in this try. A lot of head and shoulders can be seen on the chart.

Note

If the support of 10500$ gets broken tonight we can see 8000$ very soon.

zorjak

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