Bitcoin potential reversal targeting 22000.

in #bitcoin7 years ago

MACD has begun to reverse. Alternation is satisfied in the wave count.

We have a bullish doji forming on the daily. A close above 12000 would indicate a temporary reversal
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We would prefer an impulsive move upwards above 15000 to confirm the beginning of wave 5.

Entries at the 9000-10500 levels would be ideal. A strong break bellow 9000 would lead to a fall to prior support around the 7000-8000 levels.

if the wave 1 is confirmed entry at the terminal end of the C wave would be ideal at a retracement level of 0.618

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This is good news,brilliant post