BTC completed a Bullish AB=CD pattern.
BTC wicked below what was the 1.272 Fib extension.
Personally I didn't think we'd get her this quickly. It took 9 days to complete CD where before it took 11 to complete AD.
I expect a positive move in the short term towards 47k.
It also looks like we may be forming a descending broadening wedge which we may be coming back up towards to test near 53k.
It's possible we drop down further and head down to 35400.
With how strong the pull back has already been I don't see it happening, but you never know with Bitcoin.
BTC wicked below what was the 1.272 Fib extension.
Personally I didn't think we'd get her this quickly. It took 9 days to complete CD where before it took 11 to complete AD.
I expect a positive move in the short term towards 47k.
It also looks like we may be forming a descending broadening wedge which we may be coming back up towards to test near 53k.
It's possible we drop down further and head down to 35400.
With how strong the pull back has already been I don't see it happening, but you never know with Bitcoin.