Papou

BTC possible areas of support

BITFINEX:BTCUSD   Bitcoin
Possible areas of support where we could see potential bounce plays. Take profits will be prior supports/trendlines turning into resistance. Red downtrend is the line in the sand that would have to break to confirm continuation of bull run, however very unlikely as we have seen a 12345 elliot impulse wave breaking every fib extension set from 2014 bubble. Bitcoin very likely to be entering a ABC correction which can see lows of $1400 in the next 6-12 months. Time will tell.

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