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RE: Bitcoin (BTC) Morning Analysis: A Correction Potential at around $6,400 or so....Find out how low correction could be in this analysis!
Haejin, what do you think about this scenario?
- We will reach 6200-6400 on a negative MACD divergence.
- We will fall to the previous ATH price at around @5k.
- After the hard fork the 5th wave will begin.
Why do I think so? We have already seen the drop before the BCH fork, then the prices flew to the sky. Now, when it seems everybody buys BTC to earn some free money, I think it is just perfect for bears to make profits.
Thanks!