Red - major local resistance Yellow - local support Green - major local support recently fakeouted
Fast drop and pump to the moon with financial crisis on stocks.
Looks like we will repeat 2 year cycle.
We might continue up movement, with rsi divergence on weekly. But if we break 6600 we will definetly fall to 3500 zone.
IT looks crazy growth is over. Lets try catch BTC on 8100. My lowest possible target is 5k, below this is death.
Looks like after defending 10 k we may revisit 15 k before drop continuation. Remember, any harmonics wont work untill they complete all legs. Short from 15 levels. Dont make any financial decisions based on my charts, im noob. encrypted-tbn0.gstatic.com
My vision for eliot waves for current monthly cycle and subcycles.
It looks we are going atleast to 13 k :) Beware, there is posibility to drop below and go to 8300 $
Looks like we bouunce to upper local downchanell limits, i expect to continue movement.
It looks we get some christmass selloff. Looking forward for entry point.
Correction is over, fomo is back, i think btc will hit 50 k next 24 hours. *Dont make any decisions based on my TA :D
And correction is on time. We pushed to high.
Or we break upchannel, or incoming big dump. Yellow marked same pattern, Divergency on 4 h. Looks like deadzone.
Due to recent news Bitfinex lost his reliability printing fake money and pumping for them Bitcoin. It looks Bitfinex plays against thier own customers using confidential data. Personally, i do not have now any trade opened, and i strongly advide to do the same. It looks like Mt Gox 2.0. *This is not financial advice or news, only speculation.