Whats up guys,
I think we are all rapped up in looking at the smaller picture here. We are clearly entering a new state for bitcoin and i think the answer is obvious.
What comes up must come down and i think we will see a continuation of downside for bitcoin for an extended period of time.
Completing our 5th wave extension to 20k put us in a "peek area" for bitcoin and now we need to reset. This would take us to around 3k for bitcoin and would collateral with my previous chart I posted.
Good luck! and trade safe.
I think we are all rapped up in looking at the smaller picture here. We are clearly entering a new state for bitcoin and i think the answer is obvious.
What comes up must come down and i think we will see a continuation of downside for bitcoin for an extended period of time.
Completing our 5th wave extension to 20k put us in a "peek area" for bitcoin and now we need to reset. This would take us to around 3k for bitcoin and would collateral with my previous chart I posted.
Good luck! and trade safe.
Comment:
drew fib levels from the top of the ATH to W correction and saw that Z had landed right ON the 1.236 fibline. That would put at a new target of around 2,700. WHICH IS RIGHT ON THE BOTTOM OF THE PITCHFORK.
with that being said anything can still happen and if we were to continue down we we most like see an ABSOLUTE BOTTOM.
Thank you and trade safe - Toaby
with that being said anything can still happen and if we were to continue down we we most like see an ABSOLUTE BOTTOM.
Thank you and trade safe - Toaby
rip the rectangles