Potential scenario After more than three months, it happened. The descending triangle, broke downward . Bitcoin has been making decreasing maximums for three months, putting a lot of pressure in the support $9,300. It was very likely that we could have a bearish move, and now the largest cryptocurrency is being traded at $8,000. As the book of John J. Murphy...
After retracing to the 38.2 fib level, btc is now pushing back up towards the 8330 area. If the bulls have enough power we will a push up to test the previous top at 8500, either forming a double top and dropping back to support or pushing through and continuing up from there. If btc is rejected again at this level we will see it retrace to find support, with 8k...
Hey Guys sup ? lets talk about bitcoin its been couple of week since it's correcting i think its about to be over now. thanks for looking into it don't forget to leave a like and follow me for more. Thank You Join VIP For Quick Analysis & More ! Contact - @ImSNG (On Telegram)