Hello everyone, we can see that $BTC made a new high during in the last hours. It stopp right on the 50 of Fibonnaci (from 13800 to 7200). The first wave may be done, the 2nd wave which is a correctionnal wave has the potential to correct 100 % of the 1st wave. Here I place a Fibonnaci and we can see that it already corrected 38.1 % of the 1st wave. It could keep...
The structure of the price correction has been clarified.
As before, we see the risk of continued price decline below 9000.
We advise you to consider sales from the level of 10700-11000.
BTCUSD is approaching our first resistance at 4320.0 (horizontal swing high resistance, 23.6% Fibonacci retracement, 61.8% Fibonacci extension, Elliot wave structure) where a strong drop might occur to our major support at 3867.2 (horizontal swing low support, 50% Fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance where we might see a...
