Did we saw a Bitcoin high for the 2017-2021 cycle?
Bitcoin is testing 61.8% of the swing down move from 65k to 28k Fibbo retracement. A break above 512000 is required for the upside continuation which we find not likely until we see a bigger correction again to 30000.
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The weekly chart shows that the instrument is testing the downside channel upside resistance 49200. This and earlier mentioned 51200 resistance above are the stronghold for the upside continuation.
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On a daily chart, we can see that the Already a member? This article is so good, it’s for premium members only.
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We have used the combination of the top-down trading analysis to get these key levels explained in the charts. Also, you have the chance to see Elliott Wave and price action analysis together in action along with the Andrews Pitchfork channel tool. If you want to learn the trading strategy that will give you immediate results in your trading register for Live Training Mentoring.
