BTC Technical Analysis Update- Short term trade opportunity/ Buy and Sell targets/ Alts behavior (charts)steemCreated with Sketch.

in #bitcoin • 7 years ago (edited)

BTC price seems to have found bottom and has bounced off with a great increase in volume. Now Price is fluctuating in a rising wedge formation (bearish) with Elliott wave 5 (which will be shortest) to happen soon with a target of around 9300-9500. Indicators show overbought which also signal soonish retraction to around 7800-8200 region which will be a good opportunity to buy.
Sell-buy targets.png

I expect most Alts to follow BTC path for now but at a greater scale.

Always use stop loss!
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7 years ago in #bitcoin by
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