Short

Bitcoin: Target for downwards movement and retracement

By nighty2k7

Updated

Bitcoin, next 14 days

Targets for downwards movement and retracement + even deeper fall

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Current movement end target for reversal at 8269

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This will go sideways for a while before finishing the wave
If we bounce between 9200-9280 we will retrace a little, targets in chart

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Going above 8510 means we probably won't see 82xx and are in retracement up, as long as it stays below target is still valid

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Ok, low was 8205, now retracing
8665 min. target, up to max 8942

I am starting to suspect we have a ABC down, now started B
Then we are doing C leg, which would then complete alts correction, those seem unfinished

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Triangle, usually continuation

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Broke out of smaller triangle, however the lines align much better for this one

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Watch downtrend channel and big blue triangle. Thinking it's down here if it dies notbreak now. Short with SL 8632

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expect abc up as correction, doing triangle
Triangle itsself is the correctinal pattern
Potential outcome would be the triangle is wave 4, and wave 5 is incoming:

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Zoomed in

nighty2k7

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