BITCOIN WAY ๐ข๐ข๐ข!!! It has done a head and shoulder top form ๐๐๐
As we can see in the following graphic there were 5 valid waves that would form the first of a new bullish cycle, but the price should find support and avoid a new minimum.
The minimum target of that head and shoulder top is around $ 8800 but an extension of the neck line (of the Head and shoulder bottom that gave us that first impulse) converges with 61.8% of Fibo. We'll see if that support is strong enough and keep maintained otherwise we should get prepared to see maybe new lows.
fundamentally nothing is wrong with bitcoin, glad TA is giving the signs.
Yes, but that's the way that all markets should move.
Nice analysis! And yeah I predicted a head and shoulders pattern for BTC as well! We should have support at 9000 at the 78% fib level. Followed you since I did an very similar TA update on BTC yesterday!
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Thank you so much, cool. Following you also :)
you welcome dear
thank you! =D support my analysis with a like