Bitcoin overnight actions saw the price dropping below the 10k mark to around $9800 where there was heavy support. We could see the price doing a slight bounce of 9.8k, if this holds then wave "A" should be completed and stating wave "B". Generally, wave "B" targets would be around the retracement of sub wave 4 of wave "A" and if that fails then it would go to sub wave 2.
This is my chart from Last night, pretty close but there was plenty of support around the 9.8k.
Here is updated chart for Wave B and C
As a Cryptocurrency enthusiast/investor/trader, the purpose of this blog is just for me to track the progression of Bitcoin and also document my journey in becoming a better trader. I have only been in cryptocurrency for the last 6 months, my knowledge is still very limited when it comes to the technology and trading this new currency asset.
If you like the quick update on the state of bitcoin price actions, please upvote and follow for more post in the future. feel free to comment or if you want to share your own version of Bitcoin technical analysis.
DISCLAIMER:
I'm not a financial advisor nor is this article is presented to be used as financial advice. This is just my own opinion for entertainment and information only.
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