Now approaching the end of the triangle, we should be breaking down within the next few days. Triangle target sitting at around $5500 and the 0.618 fib target is sitting at around $7500. I personally believe we will bottom closer to the $7000 around the 0.618. A lot of people are going to be waiting to buy this dip
I believe we are forming a downwards channel which will lead into a big bull flag with the target bottom being around the 0.618 fib of the entire run this year which will also be at the bottom of the channel. Also, we’re temporarily on a descending triangle with the break down target being at around the launch of Bakkt which is major bearish in my opinion. A...
