parkerbitcoin

parkerbitcoin

After breaking the uptrend, correction comes up. Where? It's %61.8 of the last peak. I think it's waiting for a bad news to decrease again to $24800.

parkerbitcoin

The pattern has been formed and started to decrease. Expected hit point is about $75.

parkerbitcoin

it keeps its level on 0.382 fibo level. this makes me think it may increase to 0.5 fibo level before expected decreasing. just a thought. keep that in mind too;)

parkerbitcoin

I don't see a reason why it will not decrease 0.5 or even 0.618 fibo level

parkerbitcoin

I found a new trend line. I wanted to share immediately. Previus analysis is still valid. If it breaks the trend line, it will decrease dramatically.

parkerbitcoin

trend is getting weaker. volume and RSI decreasing. resistance not broken yet. all shows us it will be likely to decrease to $25200 support area.