Today we witnessed an epic downfall.
Black Friday, the 13th, discounts up to 63 percent
BTC has broken the long-term and 200. We have to be careful where the weekly candle closes.
Chart is in balance, I therefore expect a strong retracement (wave II).
Wave I could be completed
Wave II (7200 USD) can test 0.618 from 10500 USD, there is a 100, 77, monthly resistance, weekly resistance
Wave III (2500 USD) weekly support
Wave IV (3800 USD) can test Wave I
Wave V (1650 USD) can close the GAP 1350 - 1830 USD
Change of FINAL TARGET 2 = 1427 USD (Wave V)
At 2h chart form nice bearish divergence
BTC tested MA 50 Daily
Wave II was probably completed.
50 day moving average has been rejected.
Now we are probably on wave III and see an epic fall below 3000 USD.
if Bitcoin in 1-2k, Are you optimistic after that?
I'm looking at about two thousand dollars.
Have a nice day and make a profit.
Thank you for your answer.