Next bitcoin support range is around 6.7k - 7.4k usd!

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Explanation is on the chart!
Comment: Just wanted to say, i'm out since I got stop-lossed at 9.4k usd. Waitin for a new opportunity to go long again. So I look for the support range I drawed or I wan't to see a really strong reversal pattern forming. Otherwise I keep my money in usd.
Comment: We formed a rising wedge, but already dropping below. 7k usd is still my main buy-in area.

Comment: For now this is still my main idea! Unless we see a big increase in buy volume. But we made a bigger rising wedge, volume is already declining heavily. Predicting the bitcoin atm is really hard. We just have to have a close look!

Comment: I had questions regarding wave two. It looked a bit weird.
Comment: I had questions regarding wave two. It looked a bit weird. So for the best explenation I just counted the waves on the smaller time frame. If you look at that, everybody understand why it's wave two on a bigger degree I think ;)

i think it have to test the upper resistance at 9.6k and if broke that no drops again if not we can go down...but even 7k failed then more down we can go..
Okay followed short from 9200!
thank you great chart
Hello, good morning You think BTC will go a double bottom in 6K or the correction can go deeper. I see many important analysts with change in their scenarios to open the door to a deeper background. I agree this market is crazy and I am really confused and open to any scenario. Tks
13 hrs ago I I bought at 9999 and got stopped lossed me at 9415 last night as well! What a coincidence , we think alike. (lol) So I'm out too! One guy suggested to me to hedge on altcoins. I said no way, right now best way to hedge yourself is get out of this market and go to USD fiat! Wait, then re-evaluate after this krazy , yes that's Krazy with a K as my exaggerated expression! Then, get back in for that perfect entry point, which will lead to a nice vacation in Costa Rica sipping a Pina Colada! :-)

Which leads me to my next question for you! So is 6694 the absolute rock bottom for you based on your TA, if not what is your absolute rock bottom before this turns around? Thanks
spot on! :)
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