InvestorJatt13

InvestorJatt13

So I have been looking at several bull runs and retests and then continuations. Majority of the times in crypto, price retest .50 fib level and continue its uptrend until the trend gets broken. These analysis perfectly align with the fact that bitcoin also needs a little breather. The risk is now to the downside !!!!

InvestorJatt13

This rejection of reverse head&shoulder pattern could mean we go an test $80 to $90 level

InvestorJatt13

If you look at 4 hour or 1 hour chart you can clearly see that price want to go test $80 to $ 90 level but because of lack of volume due to new years eve getting rejected at 100-102 level however whenever liquidity arrives we may see an impulsive move to the downside which will wipe out weak hand from the market and then it will start to go up again

InvestorJatt13

If the weekly candle closes above 8.87 then the price could hit 10 very easily next week. Take it as grain of salt because they have earnings release on 7th and in this market anything is possible on earnings