Hello guys, bitcoin made a sharp bear move the last time. As you can see in my chart it is trading in a channel and formation.
We will see an up-move soon to the area seen in my chart, at the psychological level 9900 - 10.000 USD.
Bitcoin touched exactly the lower line of the and channel.
Strong support is at 8000 - 8100 USD.
Target: 9800 - 9900
Information provided is only educational and should not be used to take action in markets.
BTC touched exactly my support line
Alright, we came close towards that first resistance in what appears to be an ABC zigzag (Wave 4). Was this it? Or is this part of a complex correction? Yes!
I think that we will recover during the coming days.
> Pattern looks done
> Hourly bullish divergence
This was a complex correction in the bearish trend. It's done now.
Buy the Dip!
See you at range! Take Profit in
$7500 - $7100
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