Forming Bearish divergence, Retracement will come soon.
We have seen a serious growth of Bitcoin since August,after the last major correction , its time for a new correction as u can see on the graph bearish flag its tells us about the continuation of the downward movement I used previous support levels and Elliott Waves to forecast possible extremes of local correction
In the chart above we can see how BTC has been completing 5 Waves and ABC/ABCDE since the beginning of the correction which started on Dec 21, 2017. To understand where BTC is going, and to make an assertive, historical-data based prediction, we must look deeper than merely looking at previous support or resistance. Alone, these only tell us where BTC likes to...
Ant ideas or corrections are appreciated. To me it looks as if BTC might drop in the short term. Would love to hear your opinions.
Many people are split right now on whether or not BTC is either done with its "crash", or is heading down much further. This is my opinion, and I'm a pretty crap Technical Artist at the moment, so let me know if you have any comments about it. The .382 line is being tested hella hard, but i think we have a crash up coming very soon, due to just breaking thru the...
A lot of folks are expecting correction to hit practically NOW. It could, it could go up. Regardless this is a prediction of what a correction might look like if it were to begin on the last Tombstone candle at the last peak. This charts alternative name is "I want to throw up."