BTC BEARISH RETRACING UNDER 0.618 to ABOVE .382 levels $7800ish
BTC Finished the extended wave 5 Looking to correct. Los Angeles 11:55 PM.
I think BTC will retrace slightly under .618 to above .382 levels.
Very high chance that I think BTC will drop to $7800 ish. Not all exchanges will have the same price +- $100.
I think BTC will retrace slightly under .618 to above .382 levels.
- BTC has been able to retrace back to the 55 EMA levels during the bearish drop.
- BTC looks like it may find strong support near the 0.5 Fibb level as it was consolidating for couple days.
- BTC is finding support on the 55 EMA 4 HOUR TIME FRAME.
- If the overall market is bullish BTC may retrace to the top of the green box otherwise really bearish means the bottom of the green box.
Very high chance that I think BTC will drop to $7800 ish. Not all exchanges will have the same price +- $100.
