Felix000
Long

Bitcoin price channel ready to fire upward Y/N

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
I think there is a lot of buying power below the low that's been made i.e. lots of Fib support, and I don't think there is much left on the downside even if it did break lower.
Comment: Can the market move $600 in 15 minutes before midnight GMT?
Comment: Note drawing of second "E" not accurate and two options:
Drop of first "E" $11,065 - $ 10,210 = $855. Therefore drop of second "E" is real rise of "B" to $9,177 - $855 = $8,322. Alternatively, rise of first "B" was $11,065 - $9,280 = $1,785. Therefore, theoretical rise of second "B" was $7,240 + $1,785 = $9,025. Then theoretically second drop "E" $9,025 - $855 = $8,170.
Hope that's now clear. My math has been terrible recently. Must use a calculator.
Comment: In my latest postings I've identified new big downside risks. Maybe I should also note that bounce after "E" last time was beginning of new month and we have not reached end of March yet.
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