Bitcoin (BTC) Price Update: Healthy Correction (so far)
Hi guys!
I mentioned yesterday about a possibility of a pullback and currently bitcoin is having small pullback (so far around 38%). So here are my thoughts on bitcoin for today.
BTC - Daily Chart
Tools used: Fib Retracement, RSI, Stoch RSI and Trendlines
These are the 2 pullback probable price areas I would lookout for the next few days. If bitcoin go even lower than the 62% retracement the next support will be around $7,400. RSI and stoch RSI indicate that this correction will likely to continue probably to the 62% fib level.
So far this is a healthy correction however depending on the price the candle close we can get a better confirmation on the next probable move of bitcoin.
Disclaimer
You know the drill guys. This is just opinion and not a financial advise. Do you own research and decide your own trades. Cheers!
hi, nice post, Visit my blog to see a similar article about a possible correction
Thanks!
I checked your post but I don't understand spanish. However, I saw the head and shoulder on the 4 hour chart there!
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