Bitcoin - Feel it Coming.. But When?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
I think I am not the only person on the site expecting some kind of big correction. It's in the air but nobody can really say when and at what price.

-I am interested in that upper channel line. It interest me because of that last big correction.
-$8500 is also another area that is of interest because it is a round # and we know what tends to happen with those.

Feel free to post up charts of your own or some type of fundamentals in the comments.

Let's see what happens.
Comment: One hour Chart Candle Patterns.
Comment: 30m Chart Candle Patterns.
Comment: Top confirmed and look at that move down.
Comment: 4h Bar Double Top?
Comment: Channeling in a Channel.
Comment: Blew right through 9k. That's Bitcoin.


So it looks like a break out?
SpikeSpike SpikeSpike
Im' thinking bitcoin is attempting to break out the channel you drew and is now looking for a more steeper channel so we can reach that 15-20k target. From where we'll see a bad crash :-)
@SpikeSpike, It is testing the channel right now. Lets see what happens here
SpikeSpike UnknownUnicorn728136
@UnknownUnicorn728136, That channel is one strong resistance. :-)

@SpikeSpike, Sure is. Also, check this out. Channel within a Channel .
+1 Reply
Nice work!
@SpikeSpike, Appreciate it. Thanks!
Hey I beleve your count is not correct. Your 5 is the 3 . If you do the fibs your 3 dont reach the 1,61% so cannot qualify for a 3 wave. But yes your top is more a less correct then lets see. If we get a correction. To confirm is just see if the price goes close to 8050 8100 and bounces back to end the waves . Before enter the correction .

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