BTC Probably Reversed And Heading Back Down To 36k Support
The concave orange curve indicates my hope that we're going through a rounded bottom, although I believe this is unlikely due to the fib price saying it's unlikely.
We're probably seeing a reversal due to the head/shoulders pattern just displayed.
I think the curve is half correct - literally. I've kept it the way it is to illustrate the possibility of a round bottom.
If we have reversed and are going back to the orange support line below, I believe it'll finish by the 0.618 fib time line.
Bet#1: we finish at 0.618
bet#2: we've reversed and are going back to the orange support line.
W3L4. This will be updated soon.
We're probably seeing a reversal due to the head/shoulders pattern just displayed.
I think the curve is half correct - literally. I've kept it the way it is to illustrate the possibility of a round bottom.
If we have reversed and are going back to the orange support line below, I believe it'll finish by the 0.618 fib time line.
Bet#1: we finish at 0.618
bet#2: we've reversed and are going back to the orange support line.
W3L4. This will be updated soon.
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.