Bitcoin last leg drop before massive rise up.

Hi guys

From the last impulsive upmove which took place from 3160$ area and terminated around 4200$ zone, it can be deduced that it necessary for a correction to set in, while hoping and waiting for this I thought of potential reversal to 61.8% of the move which should be exactly 3555$ area where we are right now but on getting here I see a reason for more drop because we just broke down from a mini symmetrical triangle which has tendency of taking us more down and minimum target will be 78.6% price level at 3385$ area.

At this level we has confluence of actions there, if this price come to pass it will be a great and safe buy zone for everyone.

Looking at the previous move from the left side it terminated at that same level where we have mini left shoulder and this could be right shoulder formation.

I will keep the post update as price develop

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Thanks for reading do leave a like if you think the post has impact to you.

Love you all, happy new year in advance.

Zlecenie aktywne:

ALL eyes on current resistance at 3815-3840

Zlecenie aktywne