Bitcoin 2nd Update(12/06/2017): Correction in bitcoin is happening, Power of chart!!

in bitcoin •  8 years ago 

Just have look on chart above and revisit my post i.e. https://steemit.com/bitcoin/@jimmyrai28/bitcoin-update-12-06-2017-correction-coming-after-another-new-high
In this post I clearly mention what will happen after new high this time. I quoted,"So, i conclude my analysis here by saying that after this occurrence , I expect correction in Bitcoin prices and it may touch lower trend line of this RISING CHANNEL, which may be sharp correction or in parts testing dotted support, then 10 day EMA (red wavy line) and finally lower trend line mention before ". Yes it all happened and beyond that Bitcoin tested Support 2 also but recovered quickly after that and now it is trading at $2640.
Now if you observe in chart above Bitcoin is trading below 10 Day EMA, so now Bitcoin need to close above 10 day ema today otherwise retest of support no 2 which is at $2427.

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Jimmy - you sure you didn't make the chart after the fact - lol (just joking)

I believe it will stay above your support line 2 and retest new highs next week possibly stabilising around $3300. Were do you think ethereum will pull back to?

Is this the matter of choice?

Investment is a matter of choice, there are many choices available in crypto space. if somebody find themselves stuck in some other currency i will try to help, so i said,' leave me a comment of you choice''.