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cLyeL
5 Th02 2018 20:46

30 minute chart 

Bitcoin / U.S. dollarBitstamp

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Could be the bottom

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optimistic on it playing out like this

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maybe we will visit that 6.8k area again, the ABC corrective wave is a 5-3-5(zigzag) looks like it. So this BC can be an impulse wave ie 5 subwave and it might end up at 0.618 fibo at 6.8k-ish which also has strong horizontal support.
after that ABC correction, we will have impulse wave that can go to 9k-ish probably tomorrow
i just set up a buy order at 6.9k just in case it come back there

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macd has crossed and RSI look like its coming down
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cowboyinvestor
still falling to 5000 support
cLyeL
@cowboyinvestor, hard to see ABC correction without breaking that upper trendline resistance, but next target down is 5.7k
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