So far everything is going according to the above chart, if the RSI just go a bit above the fuel station (I like this name hahah) then know this > it won't go less than 9000. But if it keep moving down then lowest point would be $8100.
Agree about the intervals, EMA 100 and 200 support this. But 50 day + volum is a big Bear.. hopfully some momentum in volum might open for a return Bull.
I see the chart that you have posted. I would agree with it if we were still in the impulse wave up, however bitcoin will most likely touch the 7400 before resuming if you think 3000 was the bottom and this is wave 1, 50% correction is not unreasonable.
counting on you. all the best. so it means one more time we touch the support level 9200 and then high
Nxgencrypto
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@rafipasha, Worst scenario is to go around 8500, but not going any less than 8000 that's for sure. Looking at every correction phase in year 2015, maximum was 40% to 35%. So if we say here 40% then it will go to $8100 as lowest point.