Hi guys, My thoughts on Bitcoin or a possible scenario that could play out. I think she's in the middle of a somewhat symmetrical triangle. I think short term a retrace between the 38 and 61 before heading down is my strongest play. the 61 has strong resistance and it doesn't look ready for a break out.
The 61.8 Fibs has played out numerous times historically. I've simply put a chart together showing only reversal points... In my mind this is just one more small indication DXY is going down.
The last weekly candle is a big one and I'm guessing has a lot of momentum behind it.