Huge falling wedge on BTC. Expecting a drop till 8.5k Long

Bitcoin / DollarBitfinex

Beschreibung

⋅ 31. Dez. 2017 17:57

First we will touch the resistance of the falling wedge, something about 14.5k. After that we will drop till 8.1k usd, where we have big support on the 8.5k usd, after that we see a breakout comming till 15.9k.

We're still in an elliot corrective wave.

Kommentar

⋅ 1. Jan. 2018 14:31

We're already dropping! Let's see if we break support at 12k

Trend Analysis BTCUSD

Kommentare

prefabsprout

⋅ 31. Dez. 2017 18:14

you got my attention! i'll be on high alert for this. hope you're right!

moha89

⋅ 31. Dez. 2017 18:06

What is the possibility of breaking out the wedge and going up? Do you recommend shorting if we break the $12500?

anmawra

⋅ 31. Dez. 2017 18:36

@moha89, I wouldn't short if it wasn't lower than 10.5-10.2k

CryptoMagician34

⋅ 31. Dez. 2017 18:36

I think short it if it crosses 11500

redking75

⋅ 1. Jan. 2018 14:34

No way in hell is BTC going to 8k come on

Zakir-Ahmed

⋅ 1. Jan. 2018 14:36

@redking75, can can..if panic starts from 10k..

redking75

⋅ 1. Jan. 2018 14:37

@ghose12, stop, just stop

Zakir-Ahmed

⋅ 1. Jan. 2018 16:15

@redking75, okk

dejadrew

⋅ 1. Jan. 2018 15:49

@redking75, Its shown a lot of resistance to going below 10k, but its well within reason that it could.

Mehr