There is a buying opportunity on the way...
Long term calculation of this C/H pattern 2.800 usd.
Let bitcoin first retest the neckline..of this c/h pattern.
Between 800 and 900 we COULD have a new buying entry point...when the neckline / support line is tested...
There is a very high probability that this c/h pattern is correct.
If we use the 'old' method of target calculation we simply are mirroring the pattern which brings us to ca. 1.445 usd.
But it will take some time to take out break the old top.
First attempt to take this top out has failed so we have to build up momentum and therefore the price has to come down a bit...
Long term calculation of this C/H pattern 2.800 usd.
Let bitcoin first retest the neckline..of this c/h pattern.
Between 800 and 900 we COULD have a new buying entry point...when the neckline / support line is tested...
There is a very high probability that this c/h pattern is correct.
If we use the 'old' method of target calculation we simply are mirroring the pattern which brings us to ca. 1.445 usd.
But it will take some time to take out break the old top.
First attempt to take this top out has failed so we have to build up momentum and therefore the price has to come down a bit...
