Bit takes the Bite - And away she goes!
Double Top, Head and Shoulders formation - Breaking the Neckline... What a NASTY picture. All while Money Flow and RSI are stair stepping down. Beware! Breaking the Neckline can produce a 40% correction.
Readable target @ ~ $25,000
Readable target @ ~ $25,000
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A key bounce here at the $16,000 - $17,000 level. Needed consolidation could happen for the next 6 months from $16,000 -$19,000. Any substantial break below support at $16,000 presents targets at ~ $6,500.