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RE: BITCOIN: 5th wave down now, it should move upwards for short time

in #bitcoin6 years ago

Hello friend, thanks for the analysis. I learn a lot of these post, little by little starting in this world.

I'm new, and I started with a curiosity, pulling lines between important points, looking for patterns. And boy, I've got enough. But there is one that I do not know if it is correct. I ask you for your knowledge, to know if it is a correct line.

It is the image, it starts more or less when bitcoin exploded last year, and then it was descending, being touched only 3 times, in important valleys of the year.

Regards!
But coincidentally days ago, we penetrated it, and coincidentally the price has tried to rise and bounces on it, that makes me very curious.!

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Well, that white line is the long term support BTC have broken weeks ago...
Now has become a major Resistance and, If BTC manages to break it we may consider that the Bulls would be back...
good observation