26/03/2018 Bear confirmed, for how long ?

in bitcoin •  7 years ago 

Previous H&S pattern has given results, currently hitting the golden ration retracement:

daily.png

If we don't bounce from here 10k is old story. Note that RSI is going to hit a long time resistance.

The 1H is in the same state, will it bounce slightly for a 4 wave up ? or way more for an ABC ending? to be confirmed. RSI highly oversold though.

Onehourbtc.png

The 161 is now a target:

target.png

Quick note about LTC, the situation is identical to BTC. The Stop Loss at 156 has been taken and as in BTC the point of re-entry is the current question. Always Remember that the two most powerful warriors are patience and time.

bitcoin litecoin bear bearish
7 years ago by

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      ·  7 years ago 

    Hey @mozzi, great info on Bitcoin! Thanks for sharing. The markets are fun right now and it's great to have the updates from good content here on Steemit. Cheers!

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        ·  7 years ago 

      image i'm still bullish though.

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