BTCUSD(BITCOIN): Small Correction towards 70k, And Drop to 52kHi Everyone,
BITSTAMP:BTCUSD our last analysis on bitcoin turned out to be in our favour price has been dropping ever since, in our view price can now make small corrections towards 69k to 70k and from there price can drop significantely towards major bearish impulse that will fill the liquidity gap in daily timeframe that price has left behind. Please note that, price may not make any corrections around our entry area and just keep dropping from the current area.
good luck.
Bitcoinswing
Bitcoin Swings South to Finish Wave 4's Extended Flat CorrectionBitcoin traders/investors continue to play Tug Of War as the asset continues its correction south (Wave 4). Expect Wave C to develop as an Expanding Ending Diagonal. With a 3 wave move for both Wave 1 and Wave 2, there's a good chance that Waves 3-5 will also develop in 3 wave sequences.
Viewing this formation on smaller, hourly charts looks extremely choppy. Gratefully, clarity of direction can be found within the weekly chart.
My bottom target for Bitcoin remains in the $30K-$38K region; likely closer to $30K than $38K.