FrederickDupont

This Bitcoin Correction Could Take Longer Than Expected

BITSTAMP:BTCUSD   比特幣
Hi guys, so I think we still have a gap to close in this correction, that's why I think it's not over yet and it could still last a couple more weeks before we hit the bottom. Also, We have the beginning of a big bearish triangle that is forming on bitcoin (I know it's a little soon to call it...) which makes the whole thing even more bearish to me. We have good support between 9k & 8k and I don't think we'll go really lower than that. Also #2, a declining volume in a bearish triangle is far from being a bullish sign... So yeah I really do think bitcoin will go lower than 9.65k in the next few weeks and it will be a good buy opportunity.

All right guys so stay tuned for more updates,

Fred

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