Bitcoin Trade Target

5 thg 6, 2021

Bitcoin has broken out of consolidation to the downside. Using the flagpole to flagpole method gives us a trade target of about 16k!

Good luck

5 thg 6, 2021

Ghi chú

Previous analysis from earlier this morning

5 thg 6, 2021

Ghi chú

The Fibonacci Extension Tool shows the 16k area as the 2.414 extension from the initial pivot of the downtrend

6 thg 6, 2021

Ghi chú

Looks like we fell out of the triangle on the 3 day chart

6 thg 6, 2021

Ghi chú

Looks like plenty of downside ahead on the Volume Supported Linear Regression

6 thg 6, 2021

Ghi chú