goosey

goosey Updated 

After a prolonged stair-casing down in this corrective bearish market, we levelled out and have gone sideways for a day or so as a period of consolidation and accumulation. In this zone of indecision, I identified the current bottom and we are indeed held up by a significant lower support which it has tested and honoured a few times. So in spite of a lot of...

goosey

Currently BTC is in a consolidation zone, with scope to make moves up or down within its current channel. The slow assent, indicated by the lower broken orange line provides a level of support, and I expected it to adhere to this. Soon it'll be approaching the end of a wedge, where we could see it breaking out with upward momentum towards a 'third wave' as the...

goosey

Based upon the bigger picture of the overall downwards trend since its peak at 20K and the previous pattern of BTC, it appears to me that we're now on course to make a third wave and lower high at around 14000. After this we will continue the current channel downwards. Possibly to eventually break the 10K resistance. Although this might be quite far off at this...