[Bitcoin Charts] Ongoing Correction

in #charts10 years ago (edited)


The target of ongoing drop is somewhere between weekly ma20 (540) and daily ma200 (490).

I think break of daily ma 200 has low odds to happen (or may happen without closing below it - instant bounce). If it close below d/ma200 - it would be bearish sign. Unless it doesn't - we have a normal correction of 198 - 778 rally.

The fibs are: 418 487 556

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Nice @kirkwuk
Shot you an Upvote :)

Thank you for your analysis

Nice @kirkwuk
Shot you an Upvote :)

Keep up the great work @kirkwuk
Upvoted

Keep up the great work @kirkwuk
Upvoted

Keep up the great work @kirkwuk
Upvoted

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