Long time don´t share my ideas. Let´s come back with BTC...
BTC is continue in a BIG Down Trend, and there´s another downtrend that the price broke.
If we put a fibo from low to high we can see a clear 78.6% correction and also is forming a Head and Shoulders pattern, this could create an bull run to the 11800 as a first target and then 14000.
Also, we could expect 1 more movement to the downside to form a double bottom near 6000 dollars, but maybe we can see a nice bullish movement to the upside due to the general crisis cause by the Covid 19.
Let´s see how the crisis react on the price. But I will BUY AND HOLD!!
BTC is continue in a BIG Down Trend, and there´s another downtrend that the price broke.
If we put a fibo from low to high we can see a clear 78.6% correction and also is forming a Head and Shoulders pattern, this could create an bull run to the 11800 as a first target and then 14000.
Also, we could expect 1 more movement to the downside to form a double bottom near 6000 dollars, but maybe we can see a nice bullish movement to the upside due to the general crisis cause by the Covid 19.
Let´s see how the crisis react on the price. But I will BUY AND HOLD!!
Note
As I mentioned yesterday, it happens very quick.. We are in the range of $5800 and $6000. Also, we adjust the trend line and we can see a brake and retest on $6000. I am not expecting more downside move.
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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.