The first point is the Fibonacci Extension that points the 1.61 mark which is a common target
The second point is the obvious head and shoulders.
The last point is the AB=CD trend from previous lows.
all 3 targets range from 69200 to 69500
When you have 3 points like this all we need to do is wait for the 4h candle to close above the ATH (or the psychological...
If you look at last time future contracts ending in the last 2 weeks of Feb, and then look at the similar count this month, you can see the trend repeating what it did back then. So I expect the prices to drop this weekend, climb back up slightly during the week, then plummet significantly around 30ish % on the 26th.
Personally I will be sitting this one out and...
A head and shoulders pattern chart formation that predicts a bullish-to-bearish trend reversal.
Down to somewhere between 39k and 42k, a 31% correction similar to last correction we had couple of months ago.
If we copy paste trends, it shows that we are likely to continue downwards even if we climb back up a bit.
my buying area will be around the 40-41k.
Note: I am very new and I barely have a grasp with reality. I've been mostly wrong in all my charts
