Bitcoin -2.89% price weakening. Didn't break $7,350. End of wave five now still to come it seems.
Comment:
My worst case scenario would be $5,338. I calculate two ways. Take high of $9,177.5 and low of $8271.1. Extension 1.618 of $7,710 did well. Extension of 2.618 of $6,804 did well too. Next extension of 4.326 is $5,338. Of course anything can happen to stop the price going lower in between. There is also one of my Bollinger arrow marks around the lowest level made around February low which could also give that worst case scenario some support.
Comment:
If market breaks $7,629 I'll review.
Comment:
Correction $7,269 i.e Wave 4/D
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Check up my latest post "Bitcoin Big Picture Fib Secrets 4 Hour Chart Since Feb!"
Watch out because there is a Williams Fractal pattern on 4 hr chart which occurred at February's low and may suggest Bitcoin may have found good enough support at $6,583.
Watch out because there is a Williams Fractal pattern on 4 hr chart which occurred at February's low and may suggest Bitcoin may have found good enough support at $6,583.
Comment:
Above should read $6,533. Sorry.