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JoelRBishop

Bitcoin Trade Target

Short
Bitcoin / TetherUS (BINANCE:BTCUSDT)  
JoelRBishop Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
Trend Analysis Chart Patterns Technical Indicators Bitcoin (Cryptocurrency) target BTC xbt trade consolidation breakout Bearish Patterns short
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trendanalysis chartpattern indicator bitcoin target btc xbt trade consolidation breakout bearish short
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:
Bitcoin Daily Analysis
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
snapshot
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Looks like we fell out of the triangle on the 3 day chart
snapshot
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Looks like plenty of downside ahead on the Volume Supported Linear Regression
snapshot
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