Bitcoin Update! BTCUSD

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Following my last forecast on bitcoin , it is now presenting us with another buy set up and this could be the move that will help us complete wave 5 of this correction just above 8k and from there I expect the market to give us one more leg to the downside where we have a trendline support just before our previous structure low and either of them could help up us resume the long term bullish trend .

I've also attached my last analysis on bitcoin below.

Any comments and opposing views are welcomed


China’s central bank moves closer to issuing digital currency: insiders see the global news in china , expecting a huge breakout to 7K area +, at this low price , the whale effect are strong MX-350
+1 Reply
@Protixder, Thanks for sharing your chart as well, it looks cool
see the trend
+1 Reply
@Protixder, Yes I know we are gonna go into a bullish trend very soon but the current price action suggest there will be one more downward thrust before we get a big pump. I could be wrong but thats purely based on my analysis. I appreciate your view and in the long term i think we will both be right
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