RE: BITCOIN EVENING UPDATE: MINOR CORRECTION

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BITCOIN EVENING UPDATE: MINOR CORRECTION

in bitcoin •  7 years ago 

The 9329 support was a hypothetical area where the price could hit if we broke 10k. Obviously there is a low chance of it hitting that area but I put all situations just incase any of them do occur. And yes, I do feel like Bitcoin is over-corrected as well, we are due for a bull market.

Other than that, thanks for the feedback! I do like your EW analysis as well.

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Yes we should always look at all situations! Like now, bad news hits and it sends us to these lower targets. I feel we are still on track for 9300 ish. Perhaps as low as 9000 but I don't think we will break it.

Yep! There is a little wick at the low of 9400 today so we may test that support yet again. And same I think we can stay above 9k.