This is a followup to my ongoing analysis of Bitcoin moves. After explosive growth, we are in the midst of a correction. Correction MAY be done, but likely one more leg down yet.
Above are two possible correction pathways. WxYxZ seems more likely than an ABC path. Regardless of path, the Zones are dependable.
7666-7708 may well be the bottom for now. 7450-7445 is important from higher time frame. 7223-7281 could be the Uptrend killer if breaks.
Previous BTC analysis (in chronological order): (still quite viable)
Would love to see a harder fall, it’s much needed and my bags need filling!
EuroMotif
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@transamspirit, hehe, me too!
$7450-7500 would be nice, solid support, still strong bull.
Much lower might take a lot longer to recover (but still ok by me).
UnknownUnicorn1444042
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@EuroMotif, yessir! I’ve got 7k as the heartline on this channel. Sold muh 50k xrp bag at 44 cent. Hoping for 38cents that’s where my heart line is on that channel. 55k xrp sounds might fine to me.