____  ___    _  _     _   _ _____     _______
 / ___|/ _ \  | || |   | | | |_ _\ \   / / ____|
| |  _| | | | | || |_  | |_| || | \ \ / /|  _|
| |_| | |_| | |__   _| |  _  || |  \ V / | |___
 \____|\___/     |_|   |_| |_|___|  \_/  |_____|

 --- A GOPHER-LIKE INTERFACE FOR HIVE BLOCKCHAIN ---

Bitcoin Price Pathway; Correction In progress.

BY: @erit2018 | CREATED: Feb. 21, 2018, 4:30 a.m. | VOTES: 16 | PAYOUT: $0.00 | [ VOTE ]

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.

[IMAGE: https://steemitimages.com/DQmabGcB51AeZiQuaE6Vu3JLFQi6PfDYmWd6xREfpxdaW3x/image.png]

[IMAGE: https://steemitimages.com/DQmQ51PMgHxsgmuCyCjf5XpFmb6UAbKAcktRJPLzBvU2KZW/image.png]

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 :)

TAGS: [ #bitcoin ] [ #btc ] [ #chart ] [ #analysis ] [ #wave ]

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