#BITCOIN - Local Decline is Our Priority

We have a descending priority here with the target at $6515 - $6600. There are two possible ways of situation development:

1. Before the dump we can visit the $6970 level to finish the ABC correction. Target will be at ±$6640.

2. Instant decline from the current points, then the regular structure of 1-5 will be changed to the "1-5 wave with the elongated 2-3". Target will be at ±$6515.

Note

Reversal point was reached on $BTC. The first target is $6800, second is $6640.

Note

The price touched 0.618 Fibo but didn't break it. We're watching the market and since stays below our key level of $7130 our mood remains bearish. Only confirmed breakout can change it.

BillCharison

Work in the team of Crypto Klondike.

Website:
klondikepro.com/

Public Telegram Channel:
t.me/CryptoKlondike

Join Bybit with us:
goo-gl.su/ibF9Y

Twitter:
twitter.com/Robert_Klondike

Email:
ekstraruto@gmail.com

Also on:

Related publications

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.

BillCharison