The last black crow of the just closed on the daily where the formation is now confirmed. Only the looks promising but it has yet to hit rock bottom. Once that resets completely, depending on how much lower BTC is going to decline further, we should be able to see a reversal, hopefully, one towards the all time high. For now, we have to keep our fingers crossed. For long term hodlers like me and many others on the street, let's pray.
*** Above analysis for educational purposes only.
Double top breached to the downside.
Breached 1:1 extension.
Next support 8500-8700
1.618 is the next major support at 7700. Please don't go there.
I think the 'worst' (hopefully) case scenario is the double bottom and then pray very hard that the bulls find their feet.
“When all is said and done, the weather and love are the two elements about which one can never be sure.” and $BTC - three.
― Alice Hoffman, Here on Earth
9200 and we break down?
Say if we do have to correct one last time, i see 7000 but i really hope I am wrong.
This post and ALL (previous and future) posts are purely for entertainment purposes only. The owner of this post is not a lawyer, accountant, financial advisor, investor or pastor. All the comments here are personal opinions.