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zorjak

Possible Bitcoin retracement in the second half of January

Short
Bitcoin (BITSTAMP:BTCUSD)  
zorjak Mis à jour   
BITSTAMP:BTCUSD   Bitcoin
Fibonacci Elliott Wave eliotwave BTCUSD
7
2
fibonacci elliottwaves eliotwave btcusd
I expect bitcoin to rise to 17k and then fall to 9k in the second half of January as a part of the Eliot wave retracement process.
Be cautious in that period!
Commentaire:
Resistance is formed at 14k. If it not gets broken in the next week, we can expect another bearish period and retrace to 9-10k.
Commentaire:
It seems that the second bitcoin fall has started.
Commentaire:
It seems that the second Elliott correction wave has started. I think that bitcoin will fall to 10k before becoming bullish again.
snapshot
Commentaire:
Fibonacci levels adjusted
snapshot
Commentaire:
If BTC fell to 12500$. that support will be tested 3rd time in three weeks. I think it will be broken in this try. A lot of head and shoulders can be seen on the chart.

snapshot
Commentaire:
snapshot

If the support of 10500$ gets broken tonight we can see 8000$ very soon.

Idées en relation

zorjak
BTC is becoming oversold
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