Pictured are some short term ideas for a reversal of Bitcoin.
None of these may come to play, however, it gives an idea of some of the possibilities.
These are not the only options.
The drawings are rough, so the prices are not exact.
Just an idea!
Whilst some are micro managing on the 1 hour and 30 minute charts, let’s take a moment and look at the bigger picture.
Elon Musk has successfully launched his Tesla Roadster into space on his Falcon Heavy rocket.
This is a big deal, as we are now entering into a new era of technological advancements that will take private citizens into space.
After that little anomaly it appears Bitcoin has been pulled back into line.
If nothing else, this chart can act as a warning as to what may happen when something veers way too far off track.
Will Bitcoin get out of line again?
Yes, most definately.
Just be aware of the potential consequences.
This trend line may change in the future, but the concept is...
Shorting Bitcoin at the moment could be risky business considering a few potential bear traps appear to exist.
Some support should be offered at:
1. The pink line at around $9100
2. The blue uptrend line
3. The yellow downtrend line
4. The green uptrend line
The 8K barrier could be a tough one to break through.
Bitcoin Correction. Are we there yet?
Complete correction path possibilities.
This chart is pretty much the same as our previous one, except with a few extra lines.
As stated before, neither of these correction completion paths may come to play, however, being aware of the possibilities can allay any fear, uncertainty, or doubt.
The white ABCDE sub waves would...
Neither of these correction completions may come to play, however, being aware of the possibilities can allay any fear, uncertainty, or doubt.
The purple 12345 waves would be the completion of an ABC correction. (No room for any more lines.)
Support: 8K - 7.5K (Potential buy opportunities.)