BitcoinLong
WARNING: BTC will drop to 40-42k PITCHFORK base & continue W5
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BTC respecting the diff levels of pitchfork I plotted using Oct to Dec 2020 pivots, w overhang in April 2021 due to euphoria right before the crash to 29k. Fibonacci from recent top of 69k, it is now chopping down nearing the 61.8% zone. If the short-term downtrend continues, price will drop to 42k which coincides w the lower pitchfork blue line. Btw I measured the downside fr blue Head & Shoulder also at around 42k.
Bullish scenario if price reverses from 46k zone like in the past respecting the pitchfork green line. Whichever scenario, BTC will continue wave 5 pausing at the bigger red H&S neckline at 75k before targeting the red H&S height of 110k b/w 2Q to 3Q of 2022. THEN ABC CRASH follows later in 2022 up to 2023.
BTC respecting the diff levels of pitchfork I plotted using Oct to Dec 2020 pivots, w overhang in April 2021 due to euphoria right before the crash to 29k. Fibonacci from recent top of 69k, it is now chopping down nearing the 61.8% zone. If the short-term downtrend continues, price will drop to 42k which coincides w the lower pitchfork blue line. Btw I measured the downside fr blue Head & Shoulder also at around 42k.
Bullish scenario if price reverses from 46k zone like in the past respecting the pitchfork green line. Whichever scenario, BTC will continue wave 5 pausing at the bigger red H&S neckline at 75k before targeting the red H&S height of 110k b/w 2Q to 3Q of 2022. THEN ABC CRASH follows later in 2022 up to 2023.
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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.