matthew-analysis

It really depends where its next support comes at. A strong bounce before 0.0780 would form a good double bottom which could easily see a push towards 0.1000. If not, then we're in for further drops over

Thanks for the support @dkn and your EW analysis adds a helpful insight to my personal trading. Would you be interested in working on a little project together? A good EW analyst would very much help.

Nice analysis, I take it the wave count suggests this is around the bottom of the correction?

Mostly because its a very reputable exchange that's deals in fiat currency directly and doesn't allow margin trading. This can help avoid some spikes from liquidation cascades or manipulation.

A return to $10k would still be within the ascending channel, so it is possible - although Bitcoin isn't looking that strong at the moment, so we may not get that high. Longer term, I'm bearish on Bitcoin

Thanks for sharing, I might include EW analysis in the future, once I've got the hang of it.

I might include them tomorrow if I can find any nice patterns to comment on