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derektwlee
Feb 1, 2018 6:01 PM

BTCUSD: Possible bottoms for BTC 

Bitcoin / DollarBitfinex

Description

There are some possible BTC bottoms in my mind.

1) 0.236 fib level from last run(5): $8820
2) Last top : $7800
3) 0.236 fib level from V Elliott Wave: $6000

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1) 0.236 fib level from last run(5): $8820 is happening in Coinbase. Let's see how it will end.

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I am still working on my EW and this is what I have so far.
The end of this grand correction seems to be near.

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Bottom of the channel
Less than 30 4hr RSI
Volume climax

Might be the end of correction or another dead cat bounce?

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Comments
Lorenz_Capital
true thanks, pretty much how i see it too. just waiting for a good bullish engulfing backed by higher volume to get us through some of these big resistance indicators.
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