Bitcoin daily 15. nov regression over ?

in bitcoin •  7 years ago 

On the hourly chart there is nothing which contradicts the rising price.
The regression can be over.

The overbought stochastic will tell in the next 2 days how far it is able to drive the price down. And then there are 2 more days of weekend where usually no big price gains happen.

Until next week the price should have wandered out of the blue circle, which indicates the end of a regression.

I leave blue waves ABC in the chart as they are. They price is still capable of dropping that low. Prices like to fall to the 61% retracement line. They do not have to though.

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