Bitcoin almost finished its biggest correction until now but its still not over. There are two very possible ways price will develop over the next days. First option you can see Bitcoin price bounce of lower trendline and go up again to 14.000 $ and then break down below 8000$. Second option Bitcoin price will break down right now below 8000 $. It really doesn't matter which way Bitcoin will go over the next days the correction will be finished soon.
Don't miss it guys, the next wave up will be huge :)
Don't miss it guys, the next wave up will be huge :)
Note
Not a clear bounce of the lower trendline, still can break to the downside. Wait with any buys until it breaks the upper trendline and confirms the break with a little flag.
I will update the chart as soon as I see a good buy opportunity.
Note
Buy the clear breakout, possible that this is the start of the move to 14000$ before the next down move to 8000$
Note
Wait its not clear what Bitcoin is doing. It can break both ways
Note
Finally broken out, should go at least over 13000
I will update the chart when I see a change in the structure
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.