Bitcoin Pattern Showing Follow Through from Feb 6 Low and Feb 14 Crossover

in #bitcoin7 years ago

We have a 5 wave completed pattern where the 5th wave of that 5 wave pattern was itself subdivided into i-ii-iii-iv-v waves down.

We have a down trend line that was crossed on Valentine's Day Feb 14.

So it took 8 days for it to consolidate from the bottom for enough days to eek out a push over the down trend line with follow through.

We've now hit resistance at $11,200.

Any dips in the $9000 region should experience strong support.

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