Hi there, We are still in the bigger bearish correction. We are anticipating one more wave down before rise. Watch bottom trend line for bounce back and then buy. In case price break up correctively on current price wait and watch for the Trend continuation pattern before any buy.
Good Luck.
Komen
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here is what you need to do on BTCUSD. Remember 25k Will come its a matter of time. If you dont have patient then work on it.
Bitcoin saw the highest volume in 2 years on weekly chart, most around 6-7k....this is just not foreseeable to me.
IkemenJ
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@evanrosshackler, Agreed. It would take a huge selloff to drop again and get past all that buy support we saw at 5.9K. At this point who is going to sell their btc at such low levels when everyone is anticipating another run up soon? I hope I'm wrong and we can get a crack at some very cheap bitcoin!
SaintDank
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@evanrosshackler, volume doesn't mean anything in this market its all controlled and manipulated
BrettduPreez
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I could not agree with you more. People want Bitcoin to go up so badly, but it still needs some more rest to recover. Another down move will only be good for the longer term development. And the trend is STILL downward! We are going down. Lets see how it develops. More confirmation is obviously needed. Thank you for your post.
HyperionAllied
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Agreed, 0.786 will likely be the touchdown
gusccbb
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Hi, thanks for sharing. Two questions about the graphic. Do you estimate this major correction occurs in the course of this week? Will this correction be greater than the previous one? The 5.8k was rejected quickly.