chrislight19

Incoming end to the bearish market?

POLONIEX:BTCUSDT   Bitcoin / Tether USD
Crypto seems to move much quicker than typical markets. BTC has been getting astronomical gains since its launch many years ago. Looking back there has not been much "bearishness" of BTC . Every drop has been well within market standards. Back in June there was a month long "correction". September 1st we hit another high and then we started our slow correction since. The large channel we are in, downtrends to a support that we didn't quite make it to previously. Days later it so happens that support is looking like a good support line for where I believe we are heading. We may see BTC slowly drop to in the coming days. I think it will be over the next 4-10 days. Usually when I guess in that range it faster, so look out for a drop back to that support line. If it takes days that would work out to be just below or at the 23% fib line from the gains we have made since our last drop to 2927, and would probably be the end of the "bear" market.

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