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Patrikas10
Dec 6, 2019 12:24 PM

Bitcoin Double Three correction? 

Bitcoin / U.S. dollarBitstamp

Description

Hi everybody.

Wanted to share possible scenario for BTC/USD price action..

From what I see right now, we might be in double three correction a pattern (Flat / Any three / Triangle)...

Original target to buy more BTC or open longs are at $5780 (also 0.786 fib). Keep in mind, that I drew only preliminary triangle as it might change as time goes by.

There is a slight chance to dip lower and touch $4580. Be aware! (Lower dotted line might be a good guide if that occurs.)

Not much to add here.. More sideways action until the Halving in May..

This is not a financial advise!
Comments
VincePrince
Good work and technical analyis
Patrikas10
@VincePrince, Thanks!
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