MPete30

MPete30

BTC has just hit the former high from a week ago of 6640, after hitting a low of 5890, yesterday morning. I think it will retrace to hit line the sidelines support line, that has now become support, after it was resistance, or it will hit the new line of 6280, that was resistance, and has become support, after that if will start to go up again, so that might be a...

MPete30

We had a correction, which went down to the support zone between 6790 and 7685, as I predicted in the previous post. I have reason to believe it will bounce of this support zone, and head to at least 9000 USD. The price might go up a bit and revisit the support zone once or twice more, before going up higher. I might also break through the support zone at 6790...

MPete30

We are at the tip of the big triangle that started 2017-11-11 for the lower leg, and 2018-01-19 for the upper leg. And we are right now moving inside that tip, we have mostly been in the lower part (near the lower line of the triangle). The is a big bearish divergence in the 4h chart, meaning that the bulls are exhausted, and the bears will come in sooner or...