Bitcoin update. Bounce from descending channel trend line as expected!
Hello Steemians and my followers,
As I posted last week BTC up move looked very corrective and I predicted a bounce from trend line as bearish correction:
So far it did exactly under my forecast and after pullback BTC possibly making a bearish correction for a plunge:
However will we see a deep plunge to make new lower low or this is just a deeper correction before break out of descending channel? At this point it's not enough pattern to say that, so I'll update the chart later this upcoming week!
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Note: This is not a financial advise or trade call, it's only my personal opinion and arrows in the charts shows just an indication of direction, not the specific points or targets!
Your crypto_analyst
@andriustovis
When we should expect btc drop to 4-5k in your opinion? Just asking because if ETF will be positive it will go up. I think it can be about 16.08 (the ETF news).
I can't predict time line! But it will go down to make new lower low, that's for sure!