Bitcoin Price Pathway; Correction In progress.

erit2018 (43)in #bitcoin • 7 years ago

Bitcoin has just finished it's first impulsive rally of 2018. The following is a likely price pathway (correction); this ABCDE wedge will allow BTC to correct sideways and test the support level around $11700 multiple times.

A further view of the 11700 support level in which BTC needs to break. The wedge will be a perfect mechanism to tack away at this resistance until it breaks! Upwards and onward we will go if this happens.

Disclaimer: All technical analysis is for entertainment purposes only, this blog is not meant to be financial planning or investment guide :)

#btc #chart #analysis #wave