GameonVentures

Bitcoin, H1, Correction in downtrend

BINANCE:BTCUSDT   Bitcoin / TetherUS
Bitcoin, H1, Single or complex editing

Hello

We meet again in the afternoon of beautiful and cold weather, see Bitcoin developments in the last days of 2018 to make the right trading decisions!

Looking at the chart above you can see that Bitcoin is hitting Fib 23.6% resistance and is returning to test its support for the first corrective wave. At the wave level, the next correction zone will touch the buy zone at $ 3,500 and return to the fast-rising area in the H1 frame to reach the target price of $ 4800 and complete the trend of correcting your single wave. The next reference commands you can join are:

EP: $ 3522.97
TG: $ 4814.53

We found 2 possibilities to sell at this TG:

This sell zone goes to the single wave level by the wave level before falling, then this TG point will be the medium-term target to enter the last downside in Bitcoin's first cycle (according to the previous H4 message) to spin. Again, Downtrend returned to the bottom area below 2000 USD. You can refer to the article under the link.

However, according to our observation, in H4 area and above, there is a larger corrective wave level that can reach $ 5800, however, this wave area needs a big boost in the strong news market. But achieving this price target is consistent with the complex wave model that Bitcoin can take. So the following reference order will be confirmed by us when Bitcoin reaches $ 4800

EP: $ 3800
TG: 5825.92 $

It should be noted that the post-calibration will be the largest, strongest downtrend in Bitcoin's first round of depreciation to less than $ 3,000, so protect your account, lock in Altcoin to get a wave Perfect reduction. We still keep our prediction about Altcoin having a big dump with 10-30 times its value.

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