This is the END, hold your breathe and count to ten...
Well fellows, as predicted the correction is started.
1. The BTC price broke the uptrend (finally!!)
2. Apparently a head and shoulders pattern is formed
3. Momentum decreased
4. and I think price is shaping a falling wedge!
and seriously guys, bitcoin need a really serious correction to be stabilize... market is out of balance.
Targets calculated based on Fibonacci levels because i love them, and SL is a strong close above 63700,where btc breaks the shoulder.
Farewell.
1. The BTC price broke the uptrend (finally!!)
2. Apparently a head and shoulders pattern is formed
3. Momentum decreased
4. and I think price is shaping a falling wedge!
and seriously guys, bitcoin need a really serious correction to be stabilize... market is out of balance.
Targets calculated based on Fibonacci levels because i love them, and SL is a strong close above 63700,where btc breaks the shoulder.
Farewell.
Note
Thank God, "the falling wedge" got failed, it's more like a downtrend channel
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Disclaimer
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.