At this point, I see the Black Swan harmonic pattern, so if BTC does not pierce the 25K resistance, I would expect a downside to the 20K level, where also is significant support.
Trade active
It's keep going down as planed. More over, today it's formed a bearish Pennant.So I am staying on my initial plan.
Note
Trade closed: target reached
It seems that technical analysis works great on BTC.So, let me post an update.
Wave 5 has been formed lately; consequently, if BTC does not break 27K, I am expecting a 10% correction and the formation of wave A
Note
It was quick. So now I am expecting a return to the 26K level
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.