BTC/USD - Third Pathway Taken. (9.5k and lower!)steemCreated with Sketch.

in #bitcoin7 years ago

27537182_2191894647492671_187351187_o.png

Overnight after breaching support seen in last post (failing to bounce off the 10,750 support correctly). We have seen a major plunge downwards following my third pathway. I myself have been laddering into some alts at very low prices just to be safe as we go down, but here are my next two alternate routes towards 8k:

  1. We see a small bounce off of 9.5 bringing us to the top of our downwards wedge (around 10,500) , which then bounces down to our 9-8 k zone. ( ABC out of the Bear Flag )

  2. We continue the downtrend, and head downwards into 9-8k landing zone. (Straight down from the Bear Flag , 5 semi clean waves down within our downward wedge thing)

Keep a close eye on the landing zones around 9500, 9000. 8325 and even possible 7763. Could be entirely wrong but these numbers seem most likely to be hit based on the charts.

Best of luck! Lets see how this goes...

Legal Disclaimer: I have no idea what Im doing and Im not telling you to follow me or make investments based on this information, this is just my thoughts and ideas and what ill be following.

Sort:  

Congratulations @manoli17! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of upvotes

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

Upvote this notification to help all Steemit users. Learn why here!

Congratulations @manoli17! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!