BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
362 2 0
Could be the bottom
Comment: optimistic on it playing out like this
Comment:
maybe we will visit that 6.8k area again, the ABC corrective wave is a 5-3-5(zigzag) looks like it. So this BC can be an impulse wave ie 5 subwave and it might end up at 0.618 fibo at 6.8k-ish which also has strong horizontal support.
after that ABC correction, we will have impulse wave that can go to 9k-ish probably tomorrow
i just set up a buy order at 6.9k just in case it come back there
Comment:
macd has crossed and RSI look like its coming down
still falling to 5000 support
Reply
HaliffRoslan cowboyinvestor
@cowboyinvestor, hard to see ABC correction without breaking that upper trendline resistance, but next target down is 5.7k
Reply
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