I don't like it when I have to get creative with the chart to find a reason to stay bullish.
To me all of the targets around the 2200 dollar area look like a big magnet for BTC to come down:
- The bottom of the downwards parallel channel
- The bottom of the Shiff Pitchfork wich seems to have strong significance
- The 1:1 extension of the 3000 dollar low to the recent high
- The 0.236 Fib ratio of the entire structure
All of the above forms a nice cluster around the spring next year
To me all of the targets around the 2200 dollar area look like a big magnet for BTC to come down:
- The bottom of the downwards parallel channel
- The bottom of the Shiff Pitchfork wich seems to have strong significance
- The 1:1 extension of the 3000 dollar low to the recent high
- The 0.236 Fib ratio of the entire structure
All of the above forms a nice cluster around the spring next year