SteveLear

Bitcon correction 1st leg over

BITSTAMP:BTCUSD   Bitcoin
My first analysis here! Just sharing thoughts...

BTC corrected to 0.5 Fib on the first leg. We can see now a divergence on the RSI in the 15 min chart, this probably means a bounce to the 16000 resistance area.

If the trend corrects at this level, the 3 leg of the ABC correction starts, probably goint to 0.38 / 0.23 Fib before the uptrend continues.


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