possible for another lower low

in #bitcoin • 6 years ago (edited)

We have some major rejection from the 20 EMA on the 4hrly forming a bearish flag

The daily has not managed to confirm the hammer and we are starting to see some rejection

A downward break of the flag will lead the price to fall to the green region of support

here is a potential count for the correction

There is a probability for a c wave forming however it might not and bear market correction might have already complete

once again watch the global market cap there is still potential for a multi week bear market to 170 bln. It is possible however a minimum target is 320bln.

6 years ago in #bitcoin by
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