Three possible midterm move for BTC can be seen in today's chart:
1- It continues moving up to $13,000 which I see it unlikely.
2- Bouncing down to $8,600 to fulfill Fibonacci 0.5 ratio which is more likely.
3- Bouncing down to $6,250 which creates a double bottom and is the most desirable form for BTC if we want to see a constant rise, even slowly, afterwards.
These are just based on my observations. Don't make a decision based on my charts.
1- It continues moving up to $13,000 which I see it unlikely.
2- Bouncing down to $8,600 to fulfill Fibonacci 0.5 ratio which is more likely.
3- Bouncing down to $6,250 which creates a double bottom and is the most desirable form for BTC if we want to see a constant rise, even slowly, afterwards.
These are just based on my observations. Don't make a decision based on my charts.
