Bitcoin Throwback Projection, next projection at 6106.5
While bitcoin bearish sentiment remain here is the next projection and throwback projection on previous swings.
The first swing projection from the high of 8506, down swing projection at 5937 (shown in red arrow), the actual low 5828 then price rebound.
The second swing projection from the low of 5828, up swing projection at 7448.6 (shown in green arrow), the actual high 7410 then price reverse.
The current swing projection from the high 7410, while price trading below 6604.7 (the 5 multiples of 1.618) the next impulsive swing projection at 6106.5 (which is 330 points from now)
Note: Price projection is not an exact since.
The first swing projection from the high of 8506, down swing projection at 5937 (shown in red arrow), the actual low 5828 then price rebound.
The second swing projection from the low of 5828, up swing projection at 7448.6 (shown in green arrow), the actual high 7410 then price reverse.
The current swing projection from the high 7410, while price trading below 6604.7 (the 5 multiples of 1.618) the next impulsive swing projection at 6106.5 (which is 330 points from now)
Note: Price projection is not an exact since.
Trade closed: target reached:
Projection target reached at 8 Sep refer to bitstamp.
