Bitcoin has broken out of consolidation to the downside. Using the flagpole to flagpole method gives us a trade target of about 16k!
Good luck
Good luck
Note
Note
The Fibonacci Extension Tool shows the 16k area as the 2.414 extension from the initial pivot of the downtrend Note
Looks like we fell out of the triangle on the 3 day chart Note
Looks like plenty of downside ahead on the Volume Supported Linear Regression Note
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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.
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.