BTCUSD retrace Update: Bitcoin painting an ABC correction ?

BTC looks bullish again, but it might just ‘B’ of an ABC .
The drop was a clear 5 wave impulse down. perhaps the A.
So now we watch the possible wave B with 2 potential targets.

Break of the red 1.618 at 5125 decreases the validity.
Break of the red 1.236 at 5212 pretty much invalidates.
Break of the red Impulse at 5260 would confirm bull again.

Published at Fri, 12 Apr 2019 11:07:22 +0000

You might be interested in …

February 28, 2019

EOSBet Marches Toward Mass Adoption With Launch of Account System and Bitcoin Betting

EOSBet Marches Toward Mass Adoption With Launch of Account System and bitcoin Betting bitcoin Press Release: Following the announcement of becoming the first on-chain blockchain casino to acquire a gambling license, EOSBet has recently announced two […]

February 16, 2019

Norway’s Private City Issues Its Own Cryptocurrency

Norway’s Private City Issues Its Own Cryptocurrency Norway’s first private city, Liberstad, aims to focus on the individual rather than government, and will be utilizing a cryptocurrency called “City Coin” for its residents to encourage […]

November 9, 2018

Forrester-Studie: Blockchain heißt jetzt DLT

BTC-ECHO Forrester-Studie: Blockchain heißt jetzt DLT Lange Zeit galt in der Krypto-Community folgendes Motto: „Nimm irgendein Problem, pack eine Blockchain darauf und das Problem ist gelöst“. Dieses blinde Vertrauen in die eierlegende Wollmilchsau Blockchain könnte langsam […]