[Bitcoin Charts] Ongoing Correction

in charts •  8 years ago  (edited)


The target of ongoing drop is somewhere between weekly ma20 (540) and daily ma200 (490).

I think break of daily ma 200 has low odds to happen (or may happen without closing below it - instant bounce). If it close below d/ma200 - it would be bearish sign. Unless it doesn't - we have a normal correction of 198 - 778 rally.

The fibs are: 418 487 556

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Thank you for your analysis

  ·  8 years ago Reveal Comment

Keep up the great work @kirkwuk
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