Long time don´t share my ideas. Let´s come back with BTC...
BTC is continue in a BIG Down Trend, and there´s another downtrend that the price broke.
If we put a fibo from low to high we can see a clear 78.6% correction and also is forming a Head and Shoulders pattern, this could create an bull run to the 11800 as a first target and then 14000.
Also, we could expect 1 more movement to the downside to form a double bottom near 6000 dollars, but maybe we can see a nice bullish movement to the upside due to the general crisis cause by the Covid 19.
Let´s see how the crisis react on the price. But I will BUY AND HOLD!!
BTC is continue in a BIG Down Trend, and there´s another downtrend that the price broke.
If we put a fibo from low to high we can see a clear 78.6% correction and also is forming a Head and Shoulders pattern, this could create an bull run to the 11800 as a first target and then 14000.
Also, we could expect 1 more movement to the downside to form a double bottom near 6000 dollars, but maybe we can see a nice bullish movement to the upside due to the general crisis cause by the Covid 19.
Let´s see how the crisis react on the price. But I will BUY AND HOLD!!
As I mentioned yesterday, it happens very quick.. We are in the range of $5800 and $6000. Also, we adjust the trend line and we can see a brake and retest on $6000. I am not expecting more downside move.