Looks very nice on the chart ... the shoulders which in fact are triangles in up-trend and down-trend respectively are forming between Fib levels. Now the price is in between, so it should go down again to test the 13k or even more down to the 11k Fib levels
Comment:
A few hours later, BTC is testing the 0.382 Fib level twice, with an attempted double bottom. Let`s see if it holds, or we go down the the next one:
Trade closed: target reached:
I think the markets start to shout BUY !
The 13k level seems to have hold nicely; it ended with a nice a-b-c correction and a double bottom on the RSI; also it seems it is forming a bear trap, so maybe the big short is over and now it is time to climb back up. Good luck all !
The 13k level seems to have hold nicely; it ended with a nice a-b-c correction and a double bottom on the RSI; also it seems it is forming a bear trap, so maybe the big short is over and now it is time to climb back up. Good luck all !