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

Bitcoin (BITFINEX:BTCUSD)

Updated

BITFINEX:BTCUSD Bitcoin

trendanalysis chartpattern waveanalysis btcusd bitcoin crypto cryptocurrency

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 ;)

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