HayWise_FX

Top Down Analysis Approach

Long
COINBASE:BTCUSD   Bitcoin
BTCUSD

I'm bullish on #BTC while because if we look closely on WTF, price formed a strong Inverse H&S, broke out of it and came to retested it which gave birth to current price action we are in. Now let's go down to the DTF, as we can see the Fibonacci from the swing low to swing high, price was unable to break through the equal high to form Higher High, giving us bearish pattern for retracement which is Double top. Now I'm waiting for a pullback to 50% fib retracement to continue to the upside.

My overall prediction for #BTC price is 35K.

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