#BTC has been falling for a long and everyone expect further fall but markets do not work with this way. There is always a correction.
The trend since 25 June 2019 is a correction move and the pattern looks like (for the moment) a triple combo.
The price dipped around $7.7k recently and this move upside can be the X wave, which can end up to $9.4-$9.5k.
However, I believe there will be another wave down to low $6k. This level, if happens, can be a strong support zone.
If you look a the price consolidation in 2018, low $6k can work as the main support. If that is broken then the bear pattern can continue.
The trend since 25 June 2019 is a correction move and the pattern looks like (for the moment) a triple combo.
The price dipped around $7.7k recently and this move upside can be the X wave, which can end up to $9.4-$9.5k.
However, I believe there will be another wave down to low $6k. This level, if happens, can be a strong support zone.
If you look a the price consolidation in 2018, low $6k can work as the main support. If that is broken then the bear pattern can continue.
評論:
it is going well