Bitcoin, like the previous correction in early September, is making a falling wedge pattern.
There are very strong similarities;
-5 waves correction.
-From the swing low to the swing high we can see a retracement to the 0.5 fib lvl (approximately) where it can find support.
-The falling wedge ends with a double bottom before breaking through the 0.382 fib lvl. We are currently testing this level.
target? top of the falling wedge.
DISCLAIMER
I am not a financial adviser, this is not financial advice.
I strongly encourage all to do their own research before doing anything with their money.
All investments/trades/buys/sells etc. should be made at your own risk with your own capital.
There are very strong similarities;
-5 waves correction.
-From the swing low to the swing high we can see a retracement to the 0.5 fib lvl (approximately) where it can find support.
-The falling wedge ends with a double bottom before breaking through the 0.382 fib lvl. We are currently testing this level.
target? top of the falling wedge.
DISCLAIMER
I am not a financial adviser, this is not financial advice.
I strongly encourage all to do their own research before doing anything with their money.
All investments/trades/buys/sells etc. should be made at your own risk with your own capital.