rakeshm90
Short

BTC correction to $3800

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
The correction should take place now and BTC should test $3800. Bearish divergence on the 4h chart.
Comment: well, target almost reached but that speed that it achieved it with makes me thing we may dump further. I'll look into it. but bulls need to hold $3700 if the want to make that big inverse head and shoulder into reality.
Comment: $3661 needs to hold or the inverse H&S is invalidated.
Comment: The inverse H&S is very much still into play. Bitcoin’s inverse H&S doesn’t look perfect but the total market cap chart shows a better pattern. If we trade between the blue lines for couple of days or weeks then a powerful move upwards toward $5600 is very very possible. Like 85% I’d say now.

Comment: Looks like $3660-$3730 is a support area and should hold. We should see consolidation above or in this area for a few days before going back up.
Comment: Price Range is getting tighter, volume is steady, big move may come up soon. However I doubt it will happen in this daily candle so we might have to wait for the next daily candle. For the moment I see a inverse bart move on low volume so we should be going up. $3661-3730 keeps providing support.
As I said above bulls need to hold $3661. Price flash crashed to $3670 and then swiftly recovered. Safe to say that support held. I think this dump has now reached its target and we should see a temporary recovery.
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Just started following you...great call!
+1 Reply
rakeshm90 bruh987
@bruh987, thanks! make sure to check out my previous call too!
+1 Reply
Wow! Thanks!
+1 Reply
rakeshm90 DiegoAAM
@DiegoAAM, thank you!
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Well done!
+1 Reply
rakeshm90 supergoh
@supergoh, thank you very much!
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Great job again, Thanks
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rakeshm90 jasonxh
@jasonxh, thanks!!
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