Hello, Traders
Bitcoin breaks down the support(Neck) line formed at the high point and has a head and shoulder shape when viewed patternwise.
The price retested the neck line again, but it was confirmed that it was a strong resistance area, and looking at the wave form, it is now a place where a minimum C or Wave 3 for a downtrend will appear.
The price is open on a 1:1 ratio to at least $23,250, and a drop below that will hit the historical CME gap spot on the basis of the Fibonacci 1.618 ratio
Thank you
Bitcoin breaks down the support(Neck) line formed at the high point and has a head and shoulder shape when viewed patternwise.
The price retested the neck line again, but it was confirmed that it was a strong resistance area, and looking at the wave form, it is now a place where a minimum C or Wave 3 for a downtrend will appear.
The price is open on a 1:1 ratio to at least $23,250, and a drop below that will hit the historical CME gap spot on the basis of the Fibonacci 1.618 ratio
Thank you