derektwlee

BTCUSD: Possible bottoms for BTC

BITFINEX:BTCUSD   Bitcoin / Dollar
There are some possible BTC             bottoms in my mind.

1) 0.236 fib level from last run(5): $8820
2) Last top : $7800
3) 0.236 fib level from V Elliott Wave: $6000
Kommentar: 1) 0.236 fib level from last run(5): $8820 is happening in Coinbase. Let's see how it will end.
Kommentar:

I am still working on my EW and this is what I have so far.
The end of this grand correction seems to be near.
Kommentar:

Bottom of the channel
Less than 30 4hr RSI
Volume climax

Might be the end of correction or another dead cat bounce?
Kommentar:
Kommentar:
true thanks, pretty much how i see it too. just waiting for a good bullish engulfing backed by higher volume to get us through some of these big resistance indicators.
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