Bitcoin Inverse Head & Shoulders
Downward Targets
Target #1: @ 61.8% Golden Fibonacci Level - $11,093.58
Target #2: @ 50% Fibonacci Level - $10,714.62
Target #3: @ 38.2% Fibonacci Level - $10,335.67
Target #4: @ 23.6% Fibonacci Level - $9,866.79
Ultimate Downward Target: @ 61.8% Fibonacci Level (From the ATH of $19,891.99 Level) - $10,335.67
Remember to always, always place your trailing stops at the appropriate levels as not to get stopped out at your trades.
>>>>> Always be prepared for either scenario of upwards movement or downwards movement. <<<<<
Happy Trading Everyone.
Ron
============================================
Check out these still valid mid-term outlook for Bitcoin using:
Support and Resistance Lines
The Trend-Based Fibonacci Extension Tool
Elliott Impulse And Correction Waves
============================================
Check out these still valid long-term outlook for Bitcoin using:
Bitcoin ABC Elliott Correction Wave & Gann Boxes
Bitcoin's Most Common Reversal Levels
Fractals: Hmmm, Pretty Similar To Me Bitcoin
============================================
Check out Bitcoin Cycles
Bitcoin Cycle Of Rise, Peak, Drop
Downward Targets
Target #1: @ 61.8% Golden Fibonacci Level - $11,093.58
Target #2: @ 50% Fibonacci Level - $10,714.62
Target #3: @ 38.2% Fibonacci Level - $10,335.67
Target #4: @ 23.6% Fibonacci Level - $9,866.79
Ultimate Downward Target: @ 61.8% Fibonacci Level (From the ATH of $19,891.99 Level) - $10,335.67
Remember to always, always place your trailing stops at the appropriate levels as not to get stopped out at your trades.
>>>>> Always be prepared for either scenario of upwards movement or downwards movement. <<<<<
Happy Trading Everyone.
Ron
============================================
Check out these still valid mid-term outlook for Bitcoin using:
Support and Resistance Lines
The Trend-Based Fibonacci Extension Tool
Elliott Impulse And Correction Waves
============================================
Check out these still valid long-term outlook for Bitcoin using:
Bitcoin ABC Elliott Correction Wave & Gann Boxes
Bitcoin's Most Common Reversal Levels
Fractals: Hmmm, Pretty Similar To Me Bitcoin
============================================
Check out Bitcoin Cycles
Bitcoin Cycle Of Rise, Peak, Drop
Note
Correction:Ultimate Downward Target: $9,533.08 @ 61.8% Fibonacci Level (From the ATH of $19,891.99 Level)
Note
Massive move downwards. Targets reached...Target #1: @ 61.8% Golden Fibonacci Level - $11,093.58 - Fulfilled
Target #2: @ 50% Fibonacci Level - $10,714.62 - Fulfilled
Target #3: @ 38.2% Fibonacci Level - $10,335.67 - Fulfilled
Target #4: @ 23.6% Fibonacci Level - $9,866.79 - Pending
Additional Target:
Target #5: @ 61.8% Golden Fibonacci Level - $9,533.08 - Pending
Note
Targets #4 & #5 have been reached. Time for a bull run!!!Note
Time to go long.
Note
Inverted H&S still bound to be fulfilled! Price moving towards the upper blue trend line/neckline.
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.
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.