Bitcoin analysis 19. May 2018
Just another small update on my modest knowledge
What we see in my view is a replica of theDecember, Februar and March spikes.
We had a fight between Fib level 38 and 50 first and then 50 to 61 like what we see now and the last days.
It already tested the lower channel to 78
Even on the Dez/January drop you see exactly this same fights within the same channels
Trendlines showing the range of 7000.
So we have a lot of potential to drop even more than we already did.
We can see, like mentioned yesterday a small „fake Pump“ this weekend before we go on in the retracement.
The spike could fine its complete end at bottom like those in Feb/March
All in all we are at a retracement of around 55% at the moment, what shows already a big potential in the correction
In my view we have a chance of 70/30 to see the spike complete closed again like before……..
What we see in my view is a replica of theDecember, Februar and March spikes.
We had a fight between Fib level 38 and 50 first and then 50 to 61 like what we see now and the last days.
It already tested the lower channel to 78
Even on the Dez/January drop you see exactly this same fights within the same channels
Trendlines showing the range of 7000.
So we have a lot of potential to drop even more than we already did.
We can see, like mentioned yesterday a small „fake Pump“ this weekend before we go on in the retracement.
The spike could fine its complete end at bottom like those in Feb/March
All in all we are at a retracement of around 55% at the moment, what shows already a big potential in the correction
In my view we have a chance of 70/30 to see the spike complete closed again like before……..
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