Do not PANIC - correction of Bitcoin (BTC) it is necessary
Hello friends, Today I am glad of the movement of BTC.
You may ask "WHY" ?
As I wrote in my latest analyzes, I wrote that before a breakthrough of the reverse model of Head And Shoulders Pattern, is a possible correction.
I'm delighted that this correction is happening. It will give even more power of Bitcoin. This correction is needed on if you look at the 1 Day graph.
Before moving up we need a double bottom in levels around 9200 $. Our graph shows just that. In these levels bulls must take precedence and do not allow a breakthrough. If this happens Our target will be levels of 17000 +$
The only thing we need is patience.
You can use levels from 9200 $ for buy. My opinion is that it will be the bottom and we will not see it at low levels.
I expect your comments.
You may ask "WHY" ?
As I wrote in my latest analyzes, I wrote that before a breakthrough of the reverse model of Head And Shoulders Pattern, is a possible correction.
I'm delighted that this correction is happening. It will give even more power of Bitcoin. This correction is needed on if you look at the 1 Day graph.
Before moving up we need a double bottom in levels around 9200 $. Our graph shows just that. In these levels bulls must take precedence and do not allow a breakthrough. If this happens Our target will be levels of 17000 +$
The only thing we need is patience.
You can use levels from 9200 $ for buy. My opinion is that it will be the bottom and we will not see it at low levels.
I expect your comments.
We have very high volumes of sales. Observe the levels in my chart carefully, breakthrough at these levels means a test at the lowest levels.