Bitcoin, like the previous correction in early September, is making a falling wedge pattern. There are very strong similarities; -5 waves correction. -From the swing low to the swing high we can see a retracement to the 0.5 fib lvl (approximately) where it can find support. -The falling wedge ends with a double bottom before breaking through the 0.382 fib lvl. We are currently testing this level.
target? top of the falling wedge.
DISCLAIMER I am not a financial adviser, this is not financial advice. I strongly encourage all to do their own research before doing anything with their money. All investments/trades/buys/sells etc. should be made at your own risk with your own capital.