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Bitcoin Inverse Head & Shoulders

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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
Bitcoin Support And Resistance Bars



The Trend-Based Fibonacci Extension Tool
Trend-Base Fib Extension Is A Magnificent Tool



Elliott Impulse And Correction Waves
Bitcoin Elliott Impulse And Correction Waves Complete




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

Bitcoin ABC Elliott Correction Wave & Gann Boxes
Bitcoin ABC Elliott Correction Wave & Gann Boxes



Bitcoin's Most Common Reversal Levels
Be Aware! Incoming, Bitcoin Most Common Reversal Levels



Fractals: Hmmm, Pretty Similar To Me Bitcoin
Hmmm, Pretty Similar To Me Bitcoin




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Check out Bitcoin Cycles

Bitcoin Cycle Of Rise, Peak, Drop
Bitcoin Cycle Of Rise, Peak, Drop

Nota
Correction:
Ultimate Downward Target: $9,533.08 @ 61.8% Fibonacci Level (From the ATH of $19,891.99 Level)
Nota
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
Nota
Targets #4 & #5 have been reached. Time for a bull run!!!
Nota
Time to go long.

Bitcoin Horizontal Triangle Repeating Cycles
Nota
Inverted H&S still bound to be fulfilled! Price moving towards the upper blue trend line/neckline.
Chart PatternsTrend Analysis

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