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madwarrior
13 Th02 2018 07:09

BTC loosing momentum; potential bounce off 7750 | ABC Correction 

Bitcoin / U. S. DollarKraken

Mô tả

The b wave (apart of the ABC correction in the white lines) appears to be topping near 9000 before either breaking through resistance or moving on to the c wave of the correction.

Following the c wave, we might see a bounce at around 7750, a support level formed earlier by the low from the impulse sub-wave iv. Failing to bounce before this level will expose lower levels and form a bearish trend.



Piggy-backing off philakonecrypto's idea here: steemit.com/bitcoin/@philakonecrypto/lesson-20-advanced-elliot-wave-wxy-with-feb-11-technical-analysis

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After this correction, possibly another impulse wave?
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