After hitting the historic trend line from which we saw BTC break down from in November 2018, we're now looking to retrace back to the support that held us at 3k.
If this support holds we should see a low in August/September of this year. Fibs point to the next logical step at 30k, which would take us again to the same resistance recently encountered.
Support doesn't hold? We follow the ABC corrective waves, which should take us down to the next support level at 1.4k.
TLDR; 30k or 1k coming soon.
I'm fairly new to charting, so if you do have any constructive criticism please comment!
If this support holds we should see a low in August/September of this year. Fibs point to the next logical step at 30k, which would take us again to the same resistance recently encountered.
Support doesn't hold? We follow the ABC corrective waves, which should take us down to the next support level at 1.4k.
TLDR; 30k or 1k coming soon.
I'm fairly new to charting, so if you do have any constructive criticism please comment!
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