Heres the path I'm envisaging right now for bitcoin. Have been sitting on my hands so to speak for the past day or so as we have this ascending wedge pattern that looks like it will break downwards.
Im betting on the 0.618 zone aligned with some historical price action so serve as support and we make our way back to the resistance. Conolsidation @ the resistance before breaking through (large inverse head and shoulders formation).
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.