#BTC has been falling for a long and everyone expect further fall but markets do not work with this way. There is always a correction.
The trend since 25 June 2019 is a correction move and the pattern looks like (for the moment) a triple combo.
The price dipped around $7.7k recently and this move upside can be the X wave, which can end up to $9.4-$9.5k.
However, I believe there will be another wave down to low $6k. This level, if happens, can be a strong support zone.
If you look a the price consolidation in 2018, low $6k can work as the main support. If that is broken then the bear pattern can continue.
The trend since 25 June 2019 is a correction move and the pattern looks like (for the moment) a triple combo.
The price dipped around $7.7k recently and this move upside can be the X wave, which can end up to $9.4-$9.5k.
However, I believe there will be another wave down to low $6k. This level, if happens, can be a strong support zone.
If you look a the price consolidation in 2018, low $6k can work as the main support. If that is broken then the bear pattern can continue.
Nota
it is going well
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.