Bitcoin (BTC) Morning update Feb 22
Hello guys, hope you are doing fine.
Bitcoin is in correction phase and going downwards. Currently it is in completing the A wave of ABC pattern . I looked at the 15 min chart to get more details.
See my analysis below. The resistance point looks like about to break. and I am expecting another downward movement which might lead to lower than the last time low ($6000).
Hope for the best...
This is the scenario which I kept on posting in my blog for you guys to be aware of it and be ready.. If it happens then don't panic and buy the F*****g dip.
for details click the below link:
https://steemit.com/bitcoin/@sudipto.dalal/bitcoin-btc-feb-20-morning-update-technical-analysis
It could not hit the upper target and took the downward movement . This was another string indicator of lower low.
It's nice to see this analysis. This is exactly how I see it, but haven't found a lot of support out there for our view. I'm having trouble at this time counting the current (and downward) ABC correction waves. In my view, on the 2HR, we've just completed the A wave. I would like to see your count. Thanks for the post. I'm a follower.
I'm sorry. I see your wave count above. You would concur also that we're ending the A wave. Have a great day.