This next drop should find significant support at the fib + previous resistance, now turned support, level. Depending on the strength of this bounce, we could see a run up to 10K... or just a big dead cat bounce down to $3.50...
o.o....
o.o....
Note
This current drop showed a reversal in the lower time frames with a diamond / inverse h&S reversal, however it got stopped and retraced leading towards a Bear Flag being made.Unless we break that resistance, we're most likely going back down to the target support area I earlier depicted.
Note
Bullish signs appearing on BTC... looks like a bounce incoming.Note
Note
Spinning top closed on the daily and we're seeing but volume come in.Long the ponzi
Note
Inverse H&S in the making : Note
Inverse H&S rejected. Stop Loss triggered.New pattern at play : Descending Broadening Wedge
Still got my short @ the top open.
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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.