Bitcoin Bottom might be near but its not there yetI believe once 200 EMA crosses 350 EMA from above we might see the bottom and end of this bear market. After that we can start asking the moon questions LOL
Bitcoincorrection
we are on the 5th wave now?Hmm I actually though we ended our 5th wave and we were in a correction, but after looking at the Renko Chart view this time in a 4h time frame, it clearly shows that we are in our 5th wave now, and could end in the 12,100'sh range. then the real big correction should begin down to 8,500-8,800 range.
what are your thoughts?
BTC testing the bull/bear lineWhile many were promoting purchasing BTC, I was airing caution. The green trend line off higher lows remains the battle line between bulls and bears. We already have a bearish cross on the longer term 4h chart and a candle close below the green line coul open the door for 10k and possible even 8,000. The bearish scenario would fit well with a more normal primary wave that would generate a more typical 50-61.8% retracement. In addition, BTC had traced out a bearish Gartley with a target below 8,0000. The war is underway. I'm not holding BTC and been looking for the bearish resolution to provide an ideal entry.
BTC/USD Support and Resistance. 2 most probable scenarios 2017.There are two support levels to watch and hope for. If we break Support Zone 1 in the next couple hours, the price will go down to Support Zone 2 and most likely bounce back to resistance level ~17K.
Bitcoin artificial price maintaining and DROP Bitcoin price correction and this so called "levels of artificial price" which is being hold by sharks 'n' wales should not last long.
When Bitcoin makes his next retracement (which is happending already), you should all cashout your positions (except maybe XRP or few more altcoins), but, in general, whole market will make a 30%+ dropdown.
Therefore, i' m suggesting you to cashout your positions on time, because BTC will RESET MARKET ON FACTORY SETTINGS. Keep that in mind.
BTC Shorts BTC hit 19,700 to the point and started falling. Bitcoin corrections have started and we can see price drop to as low as 5k. If we break the supply zone of 10k I see btc falling more if we see reversals form on the 4h and Daily charts I will buy btc there
