Bitcoin has been moving in an upward trend for some time now and looks like it has completed 5 waves already.
We should start seeing some form of correction now. So Bitcoin will retest and 48K -50K zone and might get rejected again, pushing Bitcoin further down and potentially breaking the lower part of the channel and continue down further.
Also MACD is showing weakness in the trend.
On FIb level, it can potentially move anywhere between 0.382 to 0.618 as marked on the chart.
In couple of days we will have clear picture of where BTC is heading.
If you like my analysis then do drop a LIKE and a COMMENT. Also do SHARE it with your friends.
Also don't forget to smash that FOLLOW button to get daily analysis of multiple crypto currencies and sometime ASX stocks.
Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
We should start seeing some form of correction now. So Bitcoin will retest and 48K -50K zone and might get rejected again, pushing Bitcoin further down and potentially breaking the lower part of the channel and continue down further.
Also MACD is showing weakness in the trend.
On FIb level, it can potentially move anywhere between 0.382 to 0.618 as marked on the chart.
In couple of days we will have clear picture of where BTC is heading.
If you like my analysis then do drop a LIKE and a COMMENT. Also do SHARE it with your friends.
Also don't forget to smash that FOLLOW button to get daily analysis of multiple crypto currencies and sometime ASX stocks.
Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
