BITCOIN FINAL CORRECTION

- POTENTIAL FINAL SURGE DOWNWARD
- STRUGGLING TO STAY ABOVE .5 FIB AT 11K RANGE
- IF IT DIPS, WILL RE-TEST 9.2K, THEN NEXT STOP 6.7K

Bitcoin is testing some levels of support and currently floating at a .5 fib level. It's not unusual in the crypto world for coins to re-price to .786 levels. If this happens Bitcoin will of course drag the rest of the market down. I'm keeping my eye on the indicators if Bitcoin tonight drops down rom 11k and starts heading for a re-test of 9.2k.

And now for the disclaimer!
** This information is for educational purposes only and is not advice for trading **

Comment:

Small heads and shoulders forming
Could go either way. Time to setup some buy limits

And now for the disclaimer!
** This information is for educational purposes only and is not advice for trading **

Comment:

Usually stuff happens when I'm sleeping but looks like Bitcoin isn't out of the woods yet. When it ranged between 13k-16k, it did it for quite some time. Could very well range here for the short term as well but eventually price will have to take direction.

Comment:

Broke out of the forming wedge.
Looks to retest the 11k support.
Next stop if 11k fails, 9k region, and then 6k.
As with previous periods of ranging, this could bounce down, then back up before final correction.

Comment:

Here it comes, slowly..

Comment:

At this rate it's gonna be another day till we see a re-test and yet another heads and shoulders formation.

Comment:

Previous support is now resistance with the current 4H candle closing below it

Next stops are 7k, 6k, then 4k.