Bitcoin Projections: Making It SimpleHey Everyone,
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Lets jump into this...
My youtube video is up on this chart too if you want explantion for my projections.
Otherwise, establishing support over 8400 indicates a rally to 9k, and if we get shut down in or under that red box (8400) then I'm targeting 7700-7800, more specifically the 7775 target is the 618 fib golden pocket. If we drop to 7800 my mid term sentiment will be A LOT more bearish, I'm leaning more bear right now even though we have such wondeful news coming out in the crypto market these markets are too heavily manipualted for fundamentals to not be manipulated as well until we get more retail/institutional money in these markets to make the manipulation have less of an impact
Until we get over 9100 and establish strong support as we did previously I wont be turning my bullish sentiment that direction. Those are the numbers im watching for. lets see how it plays out.
Cryptohippo
Bitcoin Projections: The END is NEAR!!!Hey Everyone.
looking at our expected daily update of bitcoin today and we can see the correction is playing out in tune to our previous charts. I highlighted critical points that would determine if the correction would play out deeper or if we were looking at a potential larger elliot wave playing out in the bulls favors.
We saw divergence in the volume vs the climb on the chart that confirmed we'd see an expected drop lower. Sign #1.
We are seeing that same divergence with the attempted retrace right now at 8600 which supports my belief we will drop further shortly out of this bear flag thats forming on the 1 hr chart.
Lastly, our end of Wave C projection is most likely 8100 to be a safe bet, and even 8300 is a safe entry i'll start stacking my longs at. A drop below 7900 should be worrisome and is worth looking at bitcoin agian to check indicators on whether we may be downtrending at that time rather than just experiencing a correction.
Hope this helps> As always, this is not financial advice. :) Take care and best of luck traders.
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