Hi,
Bitcoin completed a bearish AB=CD Pattern at $5850 (D = 1.272ext AB)
Expecting a retracement to $3840 area for a likely 121 Bullish Pattern with confluence of the mid-term Trendline (0.707 retracement of CD leg)
If $5850 breaks, next target should be around $7000 (1.618 extension of AB and larger classical AB=CD)
Bitcoin completed a bearish AB=CD Pattern at $5850 (D = 1.272ext AB)
Expecting a retracement to $3840 area for a likely 121 Bullish Pattern with confluence of the mid-term Trendline (0.707 retracement of CD leg)
If $5850 breaks, next target should be around $7000 (1.618 extension of AB and larger classical AB=CD)
Comment:
New setup here :
