I measured the distance of the double top and projeceted the distance to the downside. Such simple measurements are a good guess and it says that Bitcoin will drop to $2403.
Right now, support S2 at 6968 is broken and gets retested. If it stands the test and remains below that S2 level, the way is free down to target 5511.
Right now, support S2 at 6968 is broken and gets retested. If it stands the test and remains below that S2 level, the way is free down to target 5511.
Note
Sorry for posting an almost identical idea. I tried hard to have only one idea posted. However, either I delete both or none. I did not achieve to have only one idea remaining.
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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.