BITCOIN - Short Term View: BEARISH

in #bitcoin6 years ago

ABC Correction In Play

  • Price is following expected price path which I published 3 days ago. Post can be found here: https://steemit.com/bitcoin/@benkalashnikov/3kqpne-bitcoin-short-term-view-bullish
  • We managed to hit my target at $6,800 area and started a correction after that.
  • Currently in the B correction wave and will probably break down and start a C wave.
  • Still have $6,300 as correction target but will also be ready for $6,100 and $5,900

Screen Shot 2018-07-07 at 12.31.08.png

Scenario 2

  • There's a case where we're in the final 5th wave in a leading first wave diagonal and that we'll touch the resistance at $6,900 before heading down again.
  • Still same correction target at $6,300

Screen Shot 2018-07-07 at 12.40.49.png

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Disclaimer:
I'm not a financial advisor and these are only my opinions. I don't take any responsibility for any investments that you make based on my analysis.

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