At the moment we are still in a correction wave. Bitcoin was down to $7300 and currently at $7360. Support has been broken one by one on the way down. If $7300 breaks we are going lower. But how far?
I found a very interesting chart today on Tradingview. It is a trading idea from xuanhaimmoer on Tradingview. He thinks the Bitcoin price is following this chart exactly. It looks like it.
According to this Wyckoff chart we have support at between $6930 and $6530 before going higher.
What do you think?
Here is more info about Wyckoff: http://stockcharts.com/school/doku.php?id=chart_school:market_analysis:the_wyckoff_method
Do you think support at $7300 will hold?
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Colin Brazendale
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More information about me:
I love Steemit and I have been blogging here since June 2017. I am always looking for ways to increase my Steem and SDB holding. Lately I have started trading bitcoin and altcoin using an auto trading robot. So far it is going well, and I am in profit. 😊
Most of my time is spend on internet marketing for my clients on Google Adwords, but I also love network marketing on the internet.
I have been cloud mining for the last 2 years, but stopped promoting it due to the low returns from Jan 2018.
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