donreny

BTC correction past or overshooting B and we see lower prices

BITSTAMP:BTCUSD   Bitcoin
in my opinion there are 2-3 possible scenarios here.

either the A, B, C correction was completed with the stop hunt with the run-up from the low 19 Jul high to 8. Nov then down with the conclusion of the C with today's low.

Or, as an alternative, the high on 8 Nov was then an excessive B and we are still heading for roughly 37,000 dollars in the correction. or very badly even 18.500,- dollars would be possible here we would be at 1.6 times and the 200 W comes up from below plus annual resistance at 20.714, - dollars.

The displayed indicator clearly shows that with the stop hunt all lifts down to just over 40,000 dollars were liquidated.

All in all, a few starting points that must be observed. I'm going to sell my wife and whatever else lying around for a $ 30,000,- house yard to increase my positions.
In fun :)

New statements here are not to be understood as an offer or purchase recommendation or investment recommendation, but only my private assessment. LG Rene
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