Neo is failing to test new highs, which is foreboding. It appears to be consolidating into a bear wedge pattern, but the central moving average of the Kovach Reversals Indicator, and the 0.618 level of the Fibonacci Fan provides support. We appear to have completed the third wave of the impulse of the 5-3 Elliott Wave, and are in the fifth wave right now,...
Looks like $BTCUSD will correct itself back to ~$4.5k, then continue back up to around $7k. Unless of course it breaks $4.5k.
Very Strange that here don't have basic Fibo Fan, but have so many updated instruments for incredible trend measurements, which in not in basic technical analysis. A bit fixed own Fan, can image new down trend RES and SUPP lines. Matching with Fibo Retracement i pointed out most critical price-levels on fresh down trend if it is. Can see that they are was...