At the moment we are still in a correction wave. Bitcoin was down to $7300 and currently at $7360. Support has been broken one by one on the way down. If $7300 breaks we are going lower. But how far?
I found a very interesting chart today on Tradingview. It is a trading idea from xuanhaimmoer on Tradingview. He thinks the Bitcoin price is following this chart exactly. It looks like it.
According to this Wyckoff chart we have support at between $6930 and $6530 before going higher.
What do you think?
Here is more info about Wyckoff: http://stockcharts.com/school/doku.php?id=chart_school:market_analysis:the_wyckoff_method
Do you think support at $7300 will hold?
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I love Steemit and I have been blogging here since June 2017. I am always looking for ways to increase my Steem and SDB holding. Lately I have started trading bitcoin and altcoin using an auto trading robot. So far it is going well, and I am in profit. 😊
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