📉 Bitcoin update 25.feb.18, Correcting here, or a $3,000 lower low?
Since the last update Bitcoin turned up again at $9,740, and may bounce up to make a triangle shape like the pink ABCDE. If completed it should end in pointing up like the yellow subwaves.
If we break the top pink line this could be a double bottom. If price fall short of the line this will make up the two first subwaves in the blue line down to $8,200.
The green dotted triangle is another option for the price to bounce at.
Here is the daily chart, and we need to breach above this green channel to be sure we don't get another low in the channel, as a red E wave.
Although I find it highly unlikely, the channel tells a lower low COULD send price below $3,000.
These are just my thoughts, not a trading advice.
If you have another view on this charts your welcome to discuss and post your charts in the comments.
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