Bit has been on a run, but this formation is starting to look concerning for people who are longing this. This looks like a top pattern and I'm expecting a fall down to the .786 fibonacci level. I'm currently shorting it and I feel very confident about it. Let it fall.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
Comment:
Amazing short! Bag secured. ✅