Hello Everyone, Hope you all are doing great! This is my first analysis published on Trading View in a long- time and this is a very important one!
Why i think 70000$-73000$ is coming!
1) - Fib levels suggest that next golden pocket is at around 72000-74000$ levels
2) - Bullish pennant breakout measured target is also around 71000-72000$ levels
3) - Very strong...
After the Head and shoulders formed at the top almost touching the final high Resistance since 26 Jun 19' @ 13920 (XBT)
Looking for this Bearish dump to be over and we are still in the Bullish channel towards new highs of last 2 years.
This means we might even see the 3 years highs soon.. stay tuned!
As we see there is PayPal coming in and many others will start...
This is simply a bearish gartley pattern. Based on the picture below, price movements will help you to identify a higher probability selling opportunity.
Also as mentioned in the wave AB, the bullish consolidation gets retested again