Bitcoin potential reversal targeting 22000.

in bitcoin •  7 years ago 

MACD has begun to reverse. Alternation is satisfied in the wave count.

We have a bullish doji forming on the daily. A close above 12000 would indicate a temporary reversal
![]

We would prefer an impulsive move upwards above 15000 to confirm the beginning of wave 5.

Entries at the 9000-10500 levels would be ideal. A strong break bellow 9000 would lead to a fall to prior support around the 7000-8000 levels.

if the wave 1 is confirmed entry at the terminal end of the C wave would be ideal at a retracement level of 0.618

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

This is good news,brilliant post