COINBASE:BTCUSD Well, the chart speaks for itself. Now wave pattern for correction has formed. And cycle end date near. We should see a bounce. But, please read below. Yet, like i said in Dec this is going to be a pretty big correction overall and may last longer. Bulls should aware that the bounce I talked about above could be impulsive and SHORTLIVED. ...
Double top is made below 4355, which is a bearish point of control (poc). This is expected. Now, expect a pullback. Below I measured with fib extension for potential TG. Also, beware that nearest weekly candle support is near 4080ish area, which is around 0.236 retracement level. There is a 50D ema around 4127. Therefore, 0.382 retracement or deeper should be...