Bulls have failed to prove their strength.
3 PEAKS
Invalidation of this pattern consists of a break of $13,208 USD
Bulls have yet to prove their strength with a break of the invalidation line, thus suggesting a possible retest of the Breakout Line or complete reversal.
We have been achieving lower highs since the 17 of July, suggesting the loss of bull...
Interesting Chart here.
I see 5 waves to the downside, suggesting a possible Dead Cat Bounce. The best way to play this is waiting for a break to the upside, with very nice gain potentials. I would also like to see the volume surge as well. Good Luck all.
2 reasons lead me to believe there are the targets that btc will achieve "IF" its ready to move up here
1. .382 Dead Cat Bounce Region ------------------------------------------------
2. 1:1 Fib Extension of The corrective A wave in the ABC---------------------
Currently showing a retrace of .618
Working in a triangle. Would like to see it reach the apex of the trend-line I have drawn and break upward impulsively. This would be a great start for a Wave 3
