Bitcoin loses power and seems to decline more.
only an idea for future back test.
Long Term Analysis.Monthly Trend. Only My Idea to keep for future.
NEED BOUNCE UP TO 1760-1800 AREA TO NEW DOWN IMPULSE TOUCHING DESICION MAKING AREA OVERLAP WITH FIBO 38.2 TO COMPLETE CORRECTION AND NEW PIVOT CAN APPEAR THERE FOR UPTREND CONTINUATION PATTERN.
After good rally and made Base, breakout and continue to target.
Fibo Levels which Major Pivots can be maiden.
Bullish Butterfly D point completed and standby for long Entry if 1761 broken.
Fluctuate in the Box to decide up or down.more probable(up).Wait for Breake of Box.
Going to make LL. near Key level and -0.272 previous leg.
Short area shown on the chart
On the way to Test Setup at top of PRZ
Is this channel valid?
3rd time support touched and rejected, bouncing up is more probable next to reach resistances ahead.
Take profit area clear. When people are bias over long/short, fluctuations in contracted area made enough profit
at 50% fibo may decide to go up or down.
critical area(50% Fib) to decide for up or down.