Bitcoin (BTC) - Analysis - Correction Target Hit!
Correction Target Hit!
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This is an update of a previous post I wrote 2 weeks ago that can be found here:
https://steemit.com/bitcoin/@benkalashnikov/bitcoin-btc-analysis-update-just-being-honest
Seems like the bottom could be in. I had a correction target at around $8,000 and we've hit it and could start impulsing from here.
5 Corrective Waves Completed
![Screen Shot 2018-03-26 at 14.21.20.png](https://steemitimages.com/DQmYgZdBNU8fku4c6NE1guWoRJhGvyomBbMMFeNM8rQTqPQ/Screen%20Shot%202018-03-26%20at%2014.21.20.png)
RSI Support hit
We've also landed on some RSI support which could confirm a bottom.
Scenario 2
Another probable scenario is that we could go a little lower if we count the last C wave differently. That means we could hit the bottom at $7,691.
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Disclaimer:
I'm not a financial advisor and these are only my opinions. I don't take any responsibility for any investments that you make based on my analysis.
Very well done. Glad you getting it right for the fund.
Ty!
Thank you for the TA!
Glad to see someone knows what's going on and getting it right.
Ben. You are really good. Hit around $7900 and now going back up. Spot on.
So Bitcoin could go up or could go down. Got it.
It's pretty simple, just set several buy orders down to the next correction target.
It just hit 6.6k seems TA don't work anymore 😂