Bitcoin (BTC): Where Could the Correction Bottom Be?
The fractal nature of the symmetrical triangle breakdown is uncanny. I believe the current correction is nearing its terminal phase given that red C of the ABC sequence likely has one more lower low.
The correction bottom likely has strong affinity towards the 0.618 Fib level and thus a range of $7,227 to $6,800 would be the projected range.
In line with the fractal, wave v could complete as a downward wedge pattern; also called an Ending Diagonal in Elliott Wave jargon.
For more in depth daily analysis as well as Trade Alerts, check out Haejin.com!
The correction bottom likely has strong affinity towards the 0.618 Fib level and thus a range of $7,227 to $6,800 would be the projected range.
In line with the fractal, wave v could complete as a downward wedge pattern; also called an Ending Diagonal in Elliott Wave jargon.
For more in depth daily analysis as well as Trade Alerts, check out Haejin.com!
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