around 12k $ is a good supporting area with a risk of shadow to 6-8K $
As i said 5 months ago targets: 26000 - 18000 - 11000
after 2 years the 150$ and even more targets are potentially reachable. in the previous idea the oil price was just 42$
harmonic waves say that the market is not in the good position, i think some good fundamental news can resuscitate the market.
We are At the end of W branch of WXY correction ... be patient
look at my previous post about bitcoin ... i said a statement maybe a trigger for this correction(ELON MUSK)...
i think we have WXY correction ... bitcoin and most of the altcoins reached to strong resistance ... probably the market needs to correct ... follow s&p500 also we have an important resistance in S&P500 ... maybe a statement will make the market full RED.
it looks like bitcoin at 3000$ price.
remember my wave counting in former analysis...
remember last analysis... we had a good breakout
we are in sharp 3th wave( end of b wave correction and start of sharp c wave)
(i think president trump will be elected) we have very important PRZ at 4200 ( gann and elliotte wave target)
i think ,we will have possible " E wave" in bitcoin.
i think sell position is reasonable ... we have a triangle pattern that e wave has been completed.
the oil price 150$ may be reachable after years