Hi, in my last post of BTC i described how dangerous it is when we fall now to the 8306 level you can see in orange on my chart. BTC is forming the C of the big ABC correction now.
This big down-wave will bring us to around 4500, its the 161.8 % retracement mark of the current ABC correction.
On its way are the 7900, 7200 and 6200 levels for possible support, witch i think will be breaked.
AND BTC is moving to 4500 from there we will have a bounce to 5900 witch could bring us higher OR again to downer levels.
Keep updated! Lets see how this plays out and make our decisions. For now its waiting time to spot the right buy-points.
Have luck with your trades and follow me for more awesome charts ;)
This big down-wave will bring us to around 4500, its the 161.8 % retracement mark of the current ABC correction.
On its way are the 7900, 7200 and 6200 levels for possible support, witch i think will be breaked.
AND BTC is moving to 4500 from there we will have a bounce to 5900 witch could bring us higher OR again to downer levels.
Keep updated! Lets see how this plays out and make our decisions. For now its waiting time to spot the right buy-points.
Have luck with your trades and follow me for more awesome charts ;)