Litecoin has given clues to what Bitcoin will do for a long time now.
Drive 1: Breakdown from channel support/ 50%
Drive 2: Breakdown from 62%
Drive 3: Breakdown from 71%
Reversal at 79% ?
It failed to break out of the Fib channel but hasn't broken down yet completely so it's possible we could see something like this.
Previous analysis:
Drive 1: Breakdown from channel support/ 50%
Drive 2: Breakdown from 62%
Drive 3: Breakdown from 71%
Reversal at 79% ?
It failed to break out of the Fib channel but hasn't broken down yet completely so it's possible we could see something like this.
Previous analysis:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.