BITCOIN BREAKOUT END OF APRIL? THE 4 HOUR MACD MAY BE OF SERVICE

in #btc • 6 years ago

I've checked out a few analysts and I am convinced that 2 areas of analysis may show Bitcoin's Pathway:

#1 The 4 HOUR MACD has showed a support line for almost 4 months and that support line has been hit already 5 times and almost 6! As price reaches the apex we should see a breakout. Its not sure which direction but I believe since selling action has been going on already for 4 months that there are much fewer sellers.

Screen Shot 2018-04-03 at 12.04.28 AM.png

Also we may be seeing a ABCDE correction starting from Dec 2017. The A was the longest point from 20k to 6k which depleted many sellers. Then the B was a double top to major resistance at the $12000 zone followed by C which we just hit at $6400. I believe we are going up to D now at $8000 and then back to E at $7000 zone to compelte the ABCDE correction.

Screen Shot 2018-04-02 at 11.54.55 PM.png

The white line is the pathway if $7000 support holds and if $7000 support breaks then we should see price dip to the $5000 support line and take that pathway.

Hope you enjoyed my price forecast for Bitcoin. If you would like to see more forecasts like this please upvote and resteem!

#bitcoin #cryptocurrency #crypto #beyondbitcoin
6 years ago in #btc by
$0.00
    2 votes
    Reply 0

    Coin Marketplace

    STEEM 0.28
    TRX 0.11
    JST 0.030
    BTC 67124.23
    ETH 3753.43
    USDT 1.00
    SBD 3.56