Hello all...
After the last rejection we had for surpassing 50k, i believe bitcoin needed to retest at least on of the two
major fib golden pocket supports before to raise higher to our targets between 53 - 54k.
I expect a break out to the downside, of the rising wedge, and first retest of fib golden pocket support at 45k...
Looking to find out a possible reversal pattern i believe that we will see this through inverse head and shoulders....
Following this possibility, means from the break of wedge, we need to reach the maximum target of this break out,
to be able to have the above pattern.
In this case I expect testing of both fib golden pocket supports, before a new uptrend.
GL
After the last rejection we had for surpassing 50k, i believe bitcoin needed to retest at least on of the two
major fib golden pocket supports before to raise higher to our targets between 53 - 54k.
I expect a break out to the downside, of the rising wedge, and first retest of fib golden pocket support at 45k...
Looking to find out a possible reversal pattern i believe that we will see this through inverse head and shoulders....
Following this possibility, means from the break of wedge, we need to reach the maximum target of this break out,
to be able to have the above pattern.
In this case I expect testing of both fib golden pocket supports, before a new uptrend.
GL
Trade closed: target reached
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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.