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perfecttrader
Oct 4, 2017 11:54 AM

Bitcoin technical analysis 

Bitcoin / DollarBitfinex

Description

Bitcoin ended the upwave starting from 3490.
The question is, how far will the corrective wave go now? And after this corrective wave, will there be another upwave?
A break of 4200 will likely cause a move to 4100.
At 4100 there is a high probability for another upwave towards 4555-4600.
A break of 4380 would confirm the expectation for a move towards 4555-4600
At 4555-4600 we expect another high and a new dynamic downwave.

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