Bitcoin is bouncing, but correction isn’t over yet...steemCreated with Sketch.

in #bitcoin • 6 years ago

200D8569-8782-4492-9260-46D2CB9E0A61.png

Hello everyone! This is my TA for Bitcoins price prediction.

It appears that we are on Wave B of our correction. This should push up near the $14k zone, and then correct back to about the $8k area.

8D53EAC8-53AA-4B89-8115-1C4957D2DFA2.png

Here are the sub waves of the correction. It appears to be a flat (3,3,5) correction.

It is still possible that the correction is over, or that it’s not going to bounce and will plummet to $8k but I have a feeling that my TA is going to be the case based on EW count and pattern recognition.

Thanks for reading!

BitshareBoy

#bitshares #crypto #money #ta
6 years ago in #bitcoin by
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     6 years ago 

    thanks for the information.its very helpful...

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     6 years ago 

    Interesting analysis though I'm not normally into subjective TA but always curious what people think. Short term I'm bullish on BTC (and long term but it will have its ups and downs) as seen from my data below. Check this out if it interests you: https://steemit.com/steem/@weilii/introducing-the-neux-oracle-steem-and-bitcoin-trade-signals Just started following you, would appreciate a follow back if my price analysis content interests you as well :)

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