since i've published the previous chart here,
BTCUSD broke (1) the channel (2) 38% fib zone (3) 50% fib zone
and theres no sign that the bears are stopping, they have gained momentum and is reaching all the way down!
Things will be bad if they manage to pass through the entire fib zone with no hesitation.
The next level of support will be the 161.8% price target for the expanded flat ABC
But even if that is broken, this Bat (or Alt bat) harmonic pattern could be our last hope before reaching down to the bottom of the channel.
Only time will tell.
BTCUSD broke (1) the channel (2) 38% fib zone (3) 50% fib zone
and theres no sign that the bears are stopping, they have gained momentum and is reaching all the way down!
Things will be bad if they manage to pass through the entire fib zone with no hesitation.
The next level of support will be the 161.8% price target for the expanded flat ABC
But even if that is broken, this Bat (or Alt bat) harmonic pattern could be our last hope before reaching down to the bottom of the channel.
Only time will tell.
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