BTC - Going to drop lower - Good idea to take some profit

BTC is going to drop and it may be wise to take some profit
The Drop distance is the distance of either A B or C when measured from the candle exit point at the of the triangle .

if BTC drops Distance C this will be to the .618 Fib at 8160
if BTC drops to Distance B this will be to the .786 Fib at 8012
if BTC drops Distance A its a going to 7990
if BTC closes below either of the distances above then we can assume its going lower to the next level down

I suspect BTC can move to 8160 as BTC likes to move to the .618 FIB area to scare folks.
Also the current pattern is a Harmonic AB= CD which targets the .618 area at 8160

if BTC closes below 7800 its going to hit 6900

Commentaire:

its a long move down to 6500 if BTC moves below 7700

Commentaire:

On the two day this is a rounding bottom which is heading to the 8160 area for a bounce
, if there is no bounce at 8160 and BTC moves below 8100 ...im closing my position

Commentaire:

Alternate Path to 9300
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