This will be the last time for long-down term.
In overall, Bitcoin also in downtrend ( in the wave 5 in Elliot ), the wave 5 will be long and dramatical.
+ In short view, Bitcoin are supported by the 0.382 of Fibo Fan and it will go up after touch this support, in near future, the resistance that Bitcoin can go is 9100 - 9300.
After touch this area, it ...
In my chart, it is very clearly to show BTC has broke many supports in last 2-3 days and it will go down more. The definition of downtrend around 7k4-7k6.
In this area if BTC has strong buy enough it will pump to 13k area and down again to 8k6 - 8k7.
But in another way if it broke support 7k4 - 7k6, it possible return to 6k and terrible to supports: 4k4 and 3k8 ...
This is the chart that I draw for AMAZON stock. Every just for reference and I do not commit sth related to your asset.
In my opinion, the chart show the exceed of buyer from new year of 2018 up to now. So it must have correction in the next. We have some support level that I draw in above. If it break the next support so it continue go down for second support ...
This is the future that I espect from Bitcoin.
Now Bitcoin in shoulder - head - shoulder. After Bitcoin going done this pattern it will has 2 direct.
It it go up or if it go down it will come to several supports and ressistants that I draw in above ( it depend on the market ).
Contact me via Telgram if you need: @boss_cryptocurrency