after retest the bearish engulfing zone i think bitcoin is making a trend correction
i should set my sl around 10380 but i set the last higher hight as stop to avoid surprises.
despues de retestear el engulfing creo que el bitcoin ahora si se encamina hacia una correcion de la tendencia alcista
The chart is self explanatory, in a few words a comparison between how the 2014 - 2015 bear market reached its bottom and the similarity with the price action at hand.
Based on that comparison, December's 3150 bottom was a temporary one much like the 278 during 2014 - 2015. A maximum peak at 4600 is to be expected followed by the final blow of -65% for a 1600...
Bitcoin is now testing our ascending support line which has been holding price up in its recovery since the beginning of February 2018. This is definitely a key support as if price breaks it, it would be a strong precursor to a bearish move. Drawing some correlation from our Etherium (ETHUSD) idea, this level has to hold otherwise we're seeing a potential larger...
