TradingView
derektwlee
Dec 30, 2017 7:40 AM

BTCUSD: Possible Correction Scenario 

BITFINEX:BTCUSD1D
Bitcoin / DollarBitfinex

Description

⋅
The correction we are having is very similar to what we had in June.
In June and December, the peak of weekly RSI is both 90.
The shape look very similar.
However, it is expected to be a little shorter term correction than June by looking at the progress it already had.

Comment

⋅
BTC is rocketing. Forget about this prediction now.

Comment

⋅
OMG. This prediction is right!

Comment

⋅



Correction might have ended.
Keep your eyes on it.
Beyond Technical AnalysisBTCUSD
Comments
nitinkumar00
⋅
wave 5 is coming. Do let the inverse head and shoulder fool you. We are clearly on wave 5.
wjaehfdlxordn
⋅
OMG
Lorenz_Capital
⋅
you think we will see 8k?
Lorenz_Capital
⋅
wow this is a snipe show
derektwlee
⋅
@Blorenz, Hey, please check the idea updated. I think hitting 8k is not necessary now.
Lorenz_Capital
⋅
@derektwlee, I agree. fingers crossed that the worst is over...coinbase exchange actually wicked 8995
derektwlee
⋅
@Blorenz, wow didn't know that happened in coinbase. my fingers are crossed, too. let's wait for the higher low.
More