oscarquin27
Long

What to suspect for a next movement?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
So we have seen a pattern all over the year where bitcoin describes waves with lower highs and lower lows. Everytime bitcoin falls and it doesn't recover, it will have a lower low.
Using fib retracement, we see that the lower high is about 30-40% in comparison to the last top and this pattern has shown everytime. So we can suspect having a price as high as $6700-$6900 in the next days,
and a lower low as $5700 after that movement. So the market to actually become bullish should go pass that last top which should be around $7300-$7500. Bitcoin is still beatish and I also suspect a last
bearish movement (even more) before the rebound which could be by the end of the year and if not, the next year. Let's also wait for SEC news.
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