Bitcoin on strong support
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1. Correction overall was already made more than 60%
2. Support:
a) Trendline
b) Golden ration
c) 20 MA on a monthly chart
Elliot Wave pattern looks like Zig Zag. But for me suspicious. Also, existing impulse looks week but it's normal in wave 1. And if to look at other top 5 technologies they signaling also the main bottom.
I would like to see a price lower between 7k and 8.2k. And from there starts to go up above 10k. But if it crosses from existing price above 10k then it can accelerate rise price.
Also google trend "Bitcoin" signaling trend change. Good signal.
2. Support:
a) Trendline
b) Golden ration
c) 20 MA on a monthly chart
Elliot Wave pattern looks like Zig Zag. But for me suspicious. Also, existing impulse looks week but it's normal in wave 1. And if to look at other top 5 technologies they signaling also the main bottom.
I would like to see a price lower between 7k and 8.2k. And from there starts to go up above 10k. But if it crosses from existing price above 10k then it can accelerate rise price.
Also google trend "Bitcoin" signaling trend change. Good signal.
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