Howdy!
My thoughts on Bitcoin.
We are steadily move down from that large run. I think we will see a correction before momentum goes upward again. Thinking of 9300 support but I do think we may head down to 8500 before as that seems to be a good support. Fibs also look to confirm this.
we have reached 13.9k and are moving down now. I am still convinced that this is a correction after which there will be an upward movement. I'm waiting for the support level 9200 there is a chance that we can go lower and touch the support line of black downtrend channel . The same line of support roughly coincides with the MA100, which is also a good support for Bitcoin - 8500. Aslo this is 50% level fibonacci. Interested to see if we go below 8k as a lot or speculating such a low move.
My thoughts on Bitcoin.
We are steadily move down from that large run. I think we will see a correction before momentum goes upward again. Thinking of 9300 support but I do think we may head down to 8500 before as that seems to be a good support. Fibs also look to confirm this.
we have reached 13.9k and are moving down now. I am still convinced that this is a correction after which there will be an upward movement. I'm waiting for the support level 9200 there is a chance that we can go lower and touch the support line of black downtrend channel . The same line of support roughly coincides with the MA100, which is also a good support for Bitcoin - 8500. Aslo this is 50% level fibonacci. Interested to see if we go below 8k as a lot or speculating such a low move.