Bitcoin Bounce in effect?
I see two targets as possible 'relative' highs
first target at $6547.00
second target at $6741.00
followed by continuation of trend to the down side
--if the maximum bounce is seen if price meets the $6741.00 target --> sell off to sub 6k to somewhere around $5950.00
---> followed by bounce to $6260.00 range
---> followed by the 5th wave down to range of $5750
this is strictly based on fractal or repeat of a previous price decline from an earlier time frame.
this is merely a thought exercise.
first target at $6547.00
second target at $6741.00
followed by continuation of trend to the down side
--if the maximum bounce is seen if price meets the $6741.00 target --> sell off to sub 6k to somewhere around $5950.00
---> followed by bounce to $6260.00 range
---> followed by the 5th wave down to range of $5750
this is strictly based on fractal or repeat of a previous price decline from an earlier time frame.
this is merely a thought exercise.
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