Bitcoin has broken out of consolidation to the downside. Using the flagpole to flagpole method gives us a trade target of about 16k!
Good luck
Good luck
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Previous analysis from earlier this morning
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The Fibonacci Extension Tool shows the 16k area as the 2.414 extension from the initial pivot of the downtrend
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Looks like we fell out of the triangle on the 3 day chart
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Looks like plenty of downside ahead on the Volume Supported Linear Regression
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