Bitcoin's Channels

Words
190
Reading
1 min
Listen
Play
8y

Bitcoin good news is it looks like it's inside a corrective channel on the 15 minute chart. looking at the 4 hr. chart, the price needs to stay above that 8000 usd area before Monday. Next week could be a gut churning event to the downside or it could be overwhelmingly exciting to the upside.

The good news is...... or at least from my point of view........ this channel on the 15 minute is a corrective down . The price needs to break out of this channel and get above the 9300 to 9400 area.

The thick blue and green dashed lines are daily support

edit the below chart is correct, went too fast with the original. W in the wrong spot. Same end result.
bitcoin 15 minute chart - elliott wave ABC corrective wave March 22, 2018 2.jpg

Wrong count
bitcoin 15 minute chart - corrective wave March 23, 2018 INSIDE ANDREWS PITCHFORK CHANNELS.jpg

bitcoin 4 hr.  chart - corrective wave March 23, 2018 INSIDE ANDREWS PITCHFORK CHANNELS.jpg

All data and information provided is for informational purposes only. Trend Wizard makes no representations as to accuracy, completeness, currentness, suitability, or validity of any information in this post and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. All information is provided on an as-is basis.