BTC does look like its forming a bearflag. Could potentially hit the big resistance at ~40k$ before breaking out of this channel to the downside.
Pricetarget of this bearflag is at ~28,1k$ which would automatically mean we hit also the golden ratio.
This would be the best target to reach to be able to reverse the market and continue with the bull market.
To the guys who are familiar with elliott waves:
In my opinion wave C should be finished quite clearly once we hit the 40k$ and come down to 28k$ then.
Please just correct me if I am wrong.
Pricetarget of this bearflag is at ~28,1k$ which would automatically mean we hit also the golden ratio.
This would be the best target to reach to be able to reverse the market and continue with the bull market.
To the guys who are familiar with elliott waves:
In my opinion wave C should be finished quite clearly once we hit the 40k$ and come down to 28k$ then.
Please just correct me if I am wrong.