DarkPenciI

BTC: PERMA BULLLL YEAAAAA

BITFINEX:BTCUSD   Bitcoin
What do you do when BTC keeps falling? You just make another scenario where it will go up. Blockchain is the next big thing and BTC dictates the whole market of crypto so I can't be anything but bullish. After another tremendous fall today we hit the .382fib support and holding around the area. If we go by the bearish count of the waves I had posted earlier we are on our track to lower levels to 7~7.6k ishhhh. We are oversold on most indicators and it looks like it wants to bounce back up at least for now. If we look at it from a wider point of view it can be seen as a bullish descending wedge that is almost at the edge. The trend line of the wedge coincides with the wave counts as well. I stop lossed last night and bought back in today, and I'm looking to take my profit/losses at around 8.8k where i think we should bounce up to. My goal would be to buy back at the 7k ranges where I strongly believe will call for a very strong bounce to get us out of the wedge and truly start an uptrend again.

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