Let's keep this short and sweet, but to the point.
This correction since the 18th December 2017 has been very text book. We're now at a Market Cap of $229,829,308,064 & BTC Dominance: 48.5%.
Wedge finishes at $4400 (Lowest Support before doom and gloom)
Fib from ATL to ATH of $BTC at $4694. (Strong Support)
Potential wedge finishes at $5400 (My Ideal Bottom)
BTC's target after it's previous ATH is $32000. (Fib extension)
4Hour Chart
The 50MA is about to fall through the 200MA ~ Which should result in a sell off if successful.
1Day Chart
The 50MA - 100MA and 200MA are now heavy trend resistance. Worth keeping an eye on these on the 1D chart and even 4HR chart.
Publishing this so I can look back in a few months and see how it played out.
This correction since the 18th December 2017 has been very text book. We're now at a Market Cap of $229,829,308,064 & BTC Dominance: 48.5%.
Wedge finishes at $4400 (Lowest Support before doom and gloom)
Fib from ATL to ATH of $BTC at $4694. (Strong Support)
Potential wedge finishes at $5400 (My Ideal Bottom)
BTC's target after it's previous ATH is $32000. (Fib extension)
4Hour Chart
The 50MA is about to fall through the 200MA ~ Which should result in a sell off if successful.
1Day Chart
The 50MA - 100MA and 200MA are now heavy trend resistance. Worth keeping an eye on these on the 1D chart and even 4HR chart.
Publishing this so I can look back in a few months and see how it played out.