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eliliving
16 Th01 2018 14:23

Bitcoin (BTC): Recalibration 

Bitcoin / United States DollarCoinbase

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I had to recalibrate and re-do my support lines since Bitcoin broke through support this morning. It's looking more like a descending wedge now with the apex nearing a strong support area around $8,500-$7,500. I don't think Bitcoin is finished correcting itself. With it's positive run and parabolic increase, it NEEDS this correction to reach higher highs and bigger waves up.
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silmaril0875
Interesting, has BTC ever consolidated like this or has it always had sharp drops and then sharp jumps?
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