This is my broad take on current bitcoin structure. Bearish bat, head and shoulder and evening star candle formation (1D timeframe). All of these are signs to the downside of target around .50-61.8 on the fib before we see a decent stable ground. Bitcoin has definitely entered a stage of complexity that is great for traders who have a good trading strategy. As we are now in the phase of a big side ways movement. This can be highly profitable for traders. What are your thoughts?
Trade with care.
Trade with care.
