Bitcoin CRASH!!? - Bitcoin needs a healthy retracement
Hi Crypto Nerds! I'm Back!
Jumping straight into it, i am exited to see we are finally in a overall bullish crypto market since 2017! With that being said along the way we are going to have some healthy retracements so we can see bitcoin land on the Moon!
Looking at the Bitcoin chart we can instantly see we have a double top which is a bearish sign and i'd be looking at Bitcoin travelling further down then just the low support Fib @ 0.786 = $11,250 - $11,350 (CURRENTLY) I'm expecting to see Bitcoin to hit the Medium Support Fib @ 0.618 = $10,750 - $10,850 or even the Hard support Fib @ 0.382 = $10,050 - $10,150. Now of course with any Technical Analysis, we play as we go. We could see a bounce of any of the support levels which can change the outcome and will lead me to reassess the charts to find new outcomes.
I will keep you all up to date, follow the post. Follow me in case i put new charts out instead of updating this one.
Stay Frosty
-Aus
Jumping straight into it, i am exited to see we are finally in a overall bullish crypto market since 2017! With that being said along the way we are going to have some healthy retracements so we can see bitcoin land on the Moon!
Looking at the Bitcoin chart we can instantly see we have a double top which is a bearish sign and i'd be looking at Bitcoin travelling further down then just the low support Fib @ 0.786 = $11,250 - $11,350 (CURRENTLY) I'm expecting to see Bitcoin to hit the Medium Support Fib @ 0.618 = $10,750 - $10,850 or even the Hard support Fib @ 0.382 = $10,050 - $10,150. Now of course with any Technical Analysis, we play as we go. We could see a bounce of any of the support levels which can change the outcome and will lead me to reassess the charts to find new outcomes.
I will keep you all up to date, follow the post. Follow me in case i put new charts out instead of updating this one.
Stay Frosty
-Aus