Quick BTC Update - 21 March 2018

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We are now certain that the correction ended at around $7.3k zone. An impulse wave followed and it looks like wave 3 is now complete. If this is true, then downward wave 4 is expected up to $8.5k zone. This is supported by 15min. MACD and RSI indicator.

If wave 3 is not yet finished, then another upward wave up to $9.2k zone might complete the scenario (1 Fib. extension)

Obvious breach of $8.4k zone will invalidate the current count and may start a downward trend.

Disclaimer


This is my personal view and I don't claim it to be a professional financial guide. Your decisions are only controlled by you and only you. Listen to what others say, but don’t believe everything that you hear. Research, analyze, and think. In the end, you can only thank yourself for believing in something that is true. Likewise, you can only blame yourself for believing in something that is false.

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Quick BTC Update - 21 March 2018 | Ecency