Felix000

#bitcoin chart update - bounce A or no bounce B ?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Based on my previous post updates and studying the chart of gold yesterday, I expected to see a new bitcoin low today, and possibly extending into tomorrow.

NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO OUR OWN RESEARCH.
Jul 11
Comment: Above chart shows consecutive low Williams Fractal patterns. I've just updated my other post showing consecutive high Williams Fractal patterns with the following:-

My analysis done using the chart of gold that we would see a lower low yesterday did not work but we now have the MACD confirmed below zero. Could this be the first time we see a fractal low below the pink square and not spiking a lower low than the previous? Would that then confirm a break in this patterns stat? Time will soon tell.
Jul 12
Comment: The only positive for Bulls could be that the MACD and histogram may be down but the histogram is still above zero, and maybe on a day like today July 12 the market could put in a performance like on May 3rd.

NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.
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