Based on what I see on this chart Bitcoin
has some problems going lower. There are some formations that everybody sees: double bottom
, new higher high, fibonacci cluster
, ab=cd harmonic
measurement and a unified gartley
. All this indicates that a bitcoin
is about to consolidate or reverse. Its downside potential is definitely slowed down. With that being said I'd aim to a larger targets than tradingtional ones. Although, the tradingtional target levels can be used to take partial profits and trigger the breakeven mode. Happy Monday!