A possible path of a big Bitcoin correction (4xForecaster chart)
Bitcoin can go both ways - bounce of $600 again or finally make a larger correction and go below $600 US Dollar. Thereby creating the sell pressure to dive down further before it then bounces of somewhere between $585 to $525.
Here are my thoughts how the bounce might look like, if Bitcoin makes a large pullback and bounces of $525 and then resumes the uptrend in October, November and December (Q4 2014).
This is my adaption of 4xForecaster's bullish Bitcoin outlook. Original version of this chart with his thoughts can be found here: tradingview.com/v/IMGnVXhi/
I have added related Bitcoin charts that contributed to my thinking.
Here are my thoughts how the bounce might look like, if Bitcoin makes a large pullback and bounces of $525 and then resumes the uptrend in October, November and December (Q4 2014).
This is my adaption of 4xForecaster's bullish Bitcoin outlook. Original version of this chart with his thoughts can be found here: tradingview.com/v/IMGnVXhi/
I have added related Bitcoin charts that contributed to my thinking.
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