Description
⋅ Bitcoin has broken out of consolidation to the downside. Using the flagpole to flagpole method gives us a trade target of about 16k!
Good luck
Comment
⋅ Previous analysis from earlier this morning Comment
⋅ The Fibonacci Extension Tool shows the 16k area as the 2.414 extension from the initial pivot of the downtrend Comment
⋅ Looks like we fell out of the triangle on the 3 day chart Comment
⋅ Looks like plenty of downside ahead on the Volume Supported Linear Regression Comment
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