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SteveLear
Dec 22, 2017 2:04 PM

Bitcon correction 1st leg over 

Bitcoin / U.S. dollarBitstamp

Description

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.

Comments
NGNPRO
Hi, thank you!

Do you think we will see 8K-10K?
SteveLear
@NGNPRO, Hey, probably if btc is not able to break the 16k level...
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