RichyCalde

Short Bitcoin on Weekly Chart I still cling to the analysis carried out 15 days ago, we are $1k below the price at that time, nothing has changed in terms of Elliot waves, the fractals remain unchanged and the probability drops to levels of 38% to 50% Fibonacci forecast is still in effect. Here I cannot add the candle in monthly terms, but if you can search for it, you will see that it is negative and has diminished the gains from the previous month's rise. On a weekly basis, it gives us better detail of what it wants to do, since on a daily basis it has remained in a large lateral range. If we look at the stochastic indicator, we see that the area above 80% has been touched 3 consecutive times, which means an overbought , thus generating a bearish divergence together with the value of the price, follow the projection but always operate cautiously because any fundamental can drastically alter the price.

SHORT - Bitcoin, medium-term projection According to my technical analysis, a correction in Bitcoin prices should begin to be generated, it has generated the 5 Elliot waves, it has respected the fractals, it has generated a double top and it is at a 52-week high, so which the greatest probability is that it will fall between 38% and 50% according to the Fibonacci retracements to continue with the upward trend. What do you think?