The price of bitcoin now going long for correction until 0.61 Fibonacci to complete bearish Bat harmonic pattern. After that the price going short until 28K - 20K to target of head and shoulders in daily charts.
It will be interesting to see how this plays out. Most believe that if we do have a rally that it will fail at ~42k. Then some this morning are calling for a retracement this week to our local low. I am not that sophisticated but looking at the November 2018 pattern, and mapping it out today, we would consolidate under 40k with a test of the local low and then begin our move up in July timeframe. But who knows. I am simply looking towards lower levels of increasing my holdings.
Hashim_Alsharif
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@conradkz, BTC on down trend right now, no doubt for that in all analysis schools. all the up trend right now it's just corrections.
we can say the BTC return to up trend until we see positive patterns and price breakthrough the last down wave 0.61 Fibonacci around at 48K and close up of it.
kind regards