BITCOIN: Seems a 3-3-5 Flat correction and..

in bitcoin •  6 months ago 


...it probably is.

I am keeping observing and following up this chart.

3 lines confining the move right now and I do not find a probable bull pattern but a Flat correction if the volume does not help us.

At the 4-hour chart the most realistic count in my opinion claims for 5 waves down towards 9400 USD support.

(C) must be lower than (A) and this last touched the 9700 USD so I think 9400 may be a good ground to rebound on.

In order to keep a Bullish continuation, BITCOIN should move from that level upper than the higher high of the year, almost around 14000 USD...

Will see what happens in the coming days, if we keep ranging, falling further or finally ending the correction...

The future scenario of the whole market is now on play.

@toofasteddie


Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.


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I think that Bitcoin will still going up all this year.
It will grow step by step transforming the resistances into supports.

Yep, that’s what we all expect, thanks for your comment

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