First we watch Bitcoin in weekly time. As it’s seen Bitcoin can be support by long trend line. Also between 0.5%- 0.618% correction of last bullish wave is done. RSI also until long trend support line has fallen.
But time analysis show the correction wave must at least 61.8% of Elliot wave 3 time must continue (5 March of 2018 – 9 March 2018)
Analysis Bitcoin in daily show more than 61.8% correction of last descending wave.
Summary and Result: Bitcoin correction in short time seems to be over. We hope to see an Slow Uptrend wave or a complex pattern such as triangle pattern. But in long term in time analysis correction will continue until March.
Be careful.
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I hope it is on the rise again because my portfolio looks too red lol
I hope too, cryptocurrencies price page is bloody and red
Succeessfully as estimated, Bitcoin correction is ended.
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