BTC - If closes below 11200 can move to between 10800/ 10300
Now I could be wrong here ,but I just don't think BTC is done dropping
yet - and if BTC closes below 11200 then its probably heading to the 10800 to 10300 area.
The .618 Fib at 10300 looks like a prime target.
However if BTC closes back above 11600 ( the green line) then its back to being bullish and heading up higher.
Note : This also appears to be a Diamond move which can hit the 109xx area.
yet - and if BTC closes below 11200 then its probably heading to the 10800 to 10300 area.
The .618 Fib at 10300 looks like a prime target.
However if BTC closes back above 11600 ( the green line) then its back to being bullish and heading up higher.
Note : This also appears to be a Diamond move which can hit the 109xx area.
Comment:
This is also a Tom Demark 9 reversal on the Daily candle with a potential for 1 to 4 candles down and then back up higher.
