Possible Bitcoin retracement in the second half of January
I expect bitcoin to rise to 17k and then fall to 9k in the second half of January as a part of the Eliot wave retracement process.
Be cautious in that period!
Be cautious in that period!
Note
Resistance is formed at 14k. If it not gets broken in the next week, we can expect another bearish period and retrace to 9-10k.Note
It seems that the second bitcoin fall has started.Note
It seems that the second Elliott correction wave has started. I think that bitcoin will fall to 10k before becoming bullish again.Note
Fibonacci levels adjustedNote
If BTC fell to 12500$. that support will be tested 3rd time in three weeks. I think it will be broken in this try. A lot of head and shoulders can be seen on the chart.Note
If the support of 10500$ gets broken tonight we can see 8000$ very soon.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.