Like2Move

Like2Move Updated 

The first idea - it's clear BTC falls, another support at 5000. Looking more closely, we notice a sliding line and a third impulse that hits the bottom. It looks like the BTC can bounce earlier than 5,000. Or, after bouncing up to ~5900, it will fall again.

Like2Move Updated 

Above 6200 a move up expected. (And some risk to drop below 6200.) Support in the 6600 - 6700 area.

Like2Move Updated 

If price above 6200, bounce to 7000 expected. Below 6200 new lower lows ahead.

Like2Move Updated 

The critical level is at 6200 - the drop below opens the way to 5800. And may be to 5000. The sudden fall is indicative of the great fear.

Like2Move Updated 

Bulls overcome resistance at 6800. Now it became into support.

Like2Move Updated 

A move above 6550 opened way to the 7000 high.

Like2Move Updated 

Likely, drop can stop in the 6000 area. Next support at 5000 is very strong as well.

Like2Move Updated 

The overcome of 7800 resistance opened the way to the 8300 high and 8900 in extension.

Like2Move Updated 

Bulls regain power: a break up above 6800 resistance and move to the new highs expected.

Like2Move Updated 

Three strong bearish impulses stop at 6,000 area. The sign that the bears has lost its power. Longs for longer-therm investing.

Like2Move Updated 

Different analysis tools find support zones at 5000 ... 4700. They are marked with an ellipse. The pessimistic scenario for this stage is the bottom at the 4000.

Like2Move Updated 

Still big risk to drop down to the 6000 low. Recovery is very slow.

Like2Move Updated 

A drop below 7000 means new lower lows ahead.

Like2Move Updated 

Correction may end in the 8300 or 7700 areas. Bullish mood, since the 12345 model has been completed.

Like2Move Updated 

After 12345 move up, need for some correction, pattern a-b-c expected.

Like2Move Updated 

Movement 12345 occurred to the top, now ABC correction is likely. Trend changes direction as the price has risen so high. Therefore, the correction will be expected to a limited depth of up to 7000 area.

Like2Move Updated 

A drop below 7000 opens the way to the 6000 and 5000...4000 area. Bears are once again trying to overcome important support. This time at 7700.

Like2Move Updated 

A break up of resistance @ 8600 opens the way to the 9600...10000 high and signaling corrective pattern abc already completed (while price above 7500).