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RE: Bitcoin (BTC) Morning Update: Is the Correction Over?

in #bitcoin • 7 years ago

Great analysis and thank you for your time! Here are my two cents:

Three reasons why I do not believe correction is over.

  1. Close below 50 week MA
  2. Bearish TK cross on weekly Ichimoku Cloud
  3. Gap in volume profile

We are still oversold in the short term and I expect a rally over the next 2-14 days. However, the correction is far from over IMO!

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7 years ago in #bitcoin by
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