dehumless

BTC- Could that be the last wave of correction?

COINBASE:BTCUSD   Bitcoin / Dollar
First of all let me tell you that I am not an expert in chart analys. I've not been doing this for a long time, I just really like charts since ever! :)

So, resistance line was formed back in november 2017, just bofeore the huge "mooning" point. We can see the 5 elliot waves to the top and then 5 correction one pointing into that resistance line. According to my chart analys, we are now in final wave, going down to around $6100-$6500.

Thoughts? Please no hate comments, correct me / give me your opinion rather than hate :)

Kommentar: As you can see, my support line at 6100 was right call. it dropped faster than i expected but now we are seeing some bullish signals so the better days are comming! =)
I agree with you, we have strong support around 6k.
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dehumless mosa.motamedi
@mosa.motamedi, Yep, price dropped right to the 6k as we expected. Hope you had buy orders at 6k ^^
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