Bitcoin Analysis
Head and Shoulder + 0.66/.681 + 2 parallel channels + daily level on the 64k - 64.4 will act as resistance and from here it will drop. After that, I expect the (C) correction to be around 57k (daily level + 1.681 + .382 + 1-1 Extension + support last week + 2x .786), so I expect this to hold and go up from here. Also, I used Fibonacci Time to measure the move and it fits in the ABC correction of 12345 Elliott Impulse Wave starting at 41k .
Note
Head and shoulder formed. High chance BTC is headed 57k
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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.