Looking at the daily chart - price breakdown below wedge (in a downtrend). Target of the move down is equal to the height of the wedge at the widest point. target = about $1300
Looking at the daily chart - price breakdown below wedge (in a downtrend). Target of the move down is equal to the height of the wedge at the widest point. target = about $1300
Looking at the daily chart - price breakdown below wedge (in a downtrend). Target of the move down is equal to the height of the wedge at the widest point. target = about $1300
Possible bottoming pattern. equal measure moves ABC (where C was just shy of 9170 USD). NOW: if it goes above the 0.236 fib (above 9364 USD) and breaking the RSI Trendline, bottom is confirmed and BTC heading higher.
Fib Extension tool shows strong resistance at 12063 (Bitfinex), this has been tested and retested. No enough volumes for BTC to break through it. Following some consolidation expect a retest of the lows; following which uncertainty/negative FOMO will get BTC to test lower target of 8848 USD.
