possible for another lower low
We have some major rejection from the 20 EMA on the 4hrly forming a bearish flag
The daily has not managed to confirm the hammer and we are starting to see some rejection
A downward break of the flag will lead the price to fall to the green region of support
here is a potential count for the correction
There is a probability for a c wave forming however it might not and bear market correction might have already complete
once again watch the global market cap there is still potential for a multi week bear market to 170 bln. It is possible however a minimum target is 320bln.
Leave possible for another lower low to:
Read more #bitcoin posts
Best Posts From hj40
We have not curated any of hj40's posts yet. But you can encourage our curation team to review posts by visiting them regularly and by referring other readers. Because we give priority to frequently read content.
More Posts From hj40
- Short
- The bullish scenario has come to pass
- Using the past to help discern the possible count
- possibility of a final leg down becomes apparant
- Bitcoin watch the 9.4 k resistance line and the rejection off the 233 EMA
- bitcoin watch tommorows close
- possible for another lower low
- Bitcoin reaches the first region of support
- Market elliot wave count
- BItcoin #2