Having hit the top of the parabola curve, Bitcoin should correct to the bottom of the curve, approximately into a parabolic blow off by a correction taking price around 7,500.
Double Top pattern on ETPUSD. Possible correction by 20-25%.
Bitcoin needs a correction. The wave 3 has been started less than hour ago. Its aim to the next level at 8505. Probably wave 4 will bounce 8818 level then target will be 8096. Also the ending of wave C (3,4,5) in time may differ from that indicated on the chart.
LOOK AT FIBO LEVELS AND THINK. ALMOST 13% LEFT.
In my opinion BTC is going to test strong line at 8.1K level at point where it crossing major downtrend line. If bounce then BTC will go to test 11.4K level, else breakdown to 5.6K-4.3K channel.
Be careful, this is just my guess. The most growing altcoins reached their maximum (x2 done) and as usual they start selling off before hard cap coins.
I think in next few days Bitcoin will fall below 7000 and Litecoin will become $XX for a very long time, several months...
Just my vision of situation. BTC will bounce from 7100 to 8200 then will go deeper to 5700.
Just want to share the indicators combination that's working well for me. The chart demonstrates everything without words. 30 min timeframe.
Just my vision of possible scenario if support-line at 9650 will be broken.
Possible cap flow from ETC to ETH from 5 March to 12 March.