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BTC Short. Here is why.
Alright here is a much better analysis. What do we see here?
Rising wedge have tendencies to break out 68% of the time, if this rising wedge breaks out there will be a bigger down trend.
With the fib laid out we might have a retracement down to .618 which is about 16600 which will be retested and come back up to around 17200.
This will form a double top which will send BTC down to 15500. What do you think?
Rising wedge have tendencies to break out 68% of the time, if this rising wedge breaks out there will be a bigger down trend.
With the fib laid out we might have a retracement down to .618 which is about 16600 which will be retested and come back up to around 17200.
This will form a double top which will send BTC down to 15500. What do you think?
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