Bitcoin is aiming another 0.65 golden retracement!
Updated
Bitcoin right now is still targeting the golden retracement at 0.65 fibonacci retracement from 8.5k high and 5.9k low on Coinbase Exchange.
I can see this happened before, then it dipped exactly at 0.786 fibonacci extension. With this overbought market, I can assume that the maximum target is the same at the golden zone 7500-7582. After that, to finish the last dip, it will go down to exactly at 1 fibonacci extension around 5000. This price is the same target from the big bear flag price target.
Hope this can help you, please don't get too much exited with this slowly up movement. Think smart and keep safe trade.
I can see this happened before, then it dipped exactly at 0.786 fibonacci extension. With this overbought market, I can assume that the maximum target is the same at the golden zone 7500-7582. After that, to finish the last dip, it will go down to exactly at 1 fibonacci extension around 5000. This price is the same target from the big bear flag price target.
Hope this can help you, please don't get too much exited with this slowly up movement. Think smart and keep safe trade.
Note
Well, as it happened bitcoin is dropping massively with volume! Then I just adjust my chart that 7400 is the top, it not even touch the 0.618 level. It means more bearish than previous dead cat bounce movement.Let see how the price move for some more time, the last stand for bulls is support at 6800, IF that level broken, so we have a big bear flag in play.
Play safe!
Note
What an insane drop in bitcoin just happen!So papa bear is coming back in da house :)
6800 level broken easily! This means that the BIG BEAR FLAG is in the card right now. My target stand still at 0.786 to 1 fibonacci extension as the target for the bear flag.
Hope you got a beautiful profit my friends :)
Note
I feel like bitcoin is not done yet before a bulls hope bounce :)Small bear flag forming on a smaller timeframe
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