You are viewing a single comment's thread from:

RE: Bitcoin (BTC) Morning Update: An ABC ZigZag

in #bitcoin7 years ago (edited)

Here's my view of the current situation.. green line is the resistance mentioned in @Philakone's chart.. upper red is another major resistance.. Now, looking at the MACD and BB, price should be able to reach $9,1k-$9,2k.. That would, in my count be the E wave of the bearish wedge (white).. I believe that's when the price will reverse, but in my mind, only to around $7k, which is the lower line of the 2 month big bullish wedge.

BTCUSD_10FEB.png