HTF Analysis of the Bitcoin Top
We are currently experiencing a widening cylinder due to the capitulation of today (26/11/2021).
-The current bottom would be 48-53K.
-A third top would be put in the 87-89K zone.
-Next correction is marked to bottom around 69K.
-This bottom would signal the start of the blow-off top that reaches it high around 200K.
-A failed retest of this top is expected around 175K.
-Finally the bottom of the massive correction is 89K.
In summary from the July bottom:
29K -> 53K -> 39K -> 69K -> 49K -> 89K -> 69K -> 200K -> 175K -> 89K
We are currently experiencing a widening cylinder due to the capitulation of today (26/11/2021).
-The current bottom would be 48-53K.
-A third top would be put in the 87-89K zone.
-Next correction is marked to bottom around 69K.
-This bottom would signal the start of the blow-off top that reaches it high around 200K.
-A failed retest of this top is expected around 175K.
-Finally the bottom of the massive correction is 89K.
In summary from the July bottom:
29K -> 53K -> 39K -> 69K -> 49K -> 89K -> 69K -> 200K -> 175K -> 89K