Bitcoin Inverse Head & Shoulders

Bitcoin Inverse Head & Shoulders

Downward Targets
Target #1: @ 61.8% Golden Fibonacci Level - $11,093.58
Target #2: @ 50% Fibonacci Level - $10,714.62
Target #3: @ 38.2% Fibonacci Level - $10,335.67
Target #4: @ 23.6% Fibonacci Level - $9,866.79

Ultimate Downward Target: @ 61.8% Fibonacci Level (From the ATH of $19,891.99 Level) - $10,335.67


Remember to always, always place your trailing stops at the appropriate levels as not to get stopped out at your trades.

>>>>> Always be prepared for either scenario of upwards movement or downwards movement. <<<<<


Happy Trading Everyone.

Ron




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Check out these still valid mid-term outlook for Bitcoin using:

Support and Resistance Lines

The Trend-Based Fibonacci Extension Tool

Elliott Impulse And Correction Waves

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Check out these still valid long-term outlook for Bitcoin using:

Bitcoin ABC Elliott Correction Wave & Gann Boxes

Bitcoin's Most Common Reversal Levels

Fractals: Hmmm, Pretty Similar To Me Bitcoin

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Check out Bitcoin Cycles

Bitcoin Cycle Of Rise, Peak, Drop

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Correction:
Ultimate Downward Target: $9,533.08 @ 61.8% Fibonacci Level (From the ATH of $19,891.99 Level)

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Massive move downwards. Targets reached...
Target #1: @ 61.8% Golden Fibonacci Level - $11,093.58 - Fulfilled
Target #2: @ 50% Fibonacci Level - $10,714.62 - Fulfilled
Target #3: @ 38.2% Fibonacci Level - $10,335.67 - Fulfilled
Target #4: @ 23.6% Fibonacci Level - $9,866.79 - Pending
Additional Target:
Target #5: @ 61.8% Golden Fibonacci Level - $9,533.08 - Pending

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Targets #4 & #5 have been reached. Time for a bull run!!!

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Time to go long.

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Inverted H&S still bound to be fulfilled! Price moving towards the upper blue trend line/neckline.