Bitcoin made a nice bounce of the support line, and the price will likely rise over the next few hours. Right now it is forming triangle and will break out of it within the next 2 weeks. I think the chance of it breaking above the triangle is greater than breaking below as Bitcoin has not completed 5 Elliott Waves.
Commento:
Price broke below triangle. Be extra careful.
Commento:
Short term bounce coming up
Commento:
The price probably will recover at least $400 (or more).
Commento:
Commento:
If case you didn't know what the chart above meant, Bitcoin is forming Falling Wedge/ Rejection; The bears tried to push the price down and failed.
