klee10
Short

BTC Bear Flag Projection!

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Where will we end this fall? I have a good guess!

To recap my last call - The ABC flat within a bear flag: It was spot on! What's next?

The Golden Pocket fib zone lines up with the 1:1 extension of the bear flag pole we just saw. 8200-8000 is very likely!

The Golden Pocket lies between the .618 and .65 fib retrace. Here we fibbed from the 6k low to the double top we had a few days ago.
The bear flag pole extension measures the descent into the bear flag we just saw, and projects that our breakout will go the same distance down!

These line up in the green box, a great zone to look for support!
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