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RE: Bitcoin Crashes Below $9,000 - Lowest Since Thanksgiving

in #bitcoin7 years ago

Here some technical analysis to support the idea that situation fits the norm.
I use Elliott Waves and according to my count, we are new on the last C wave of the A-B-C correction. Here is the picture of the 15-th January.

And here is the C wave now:

That is absolutely normal, that we fall after the leap to the peak of $20 00 and it is possible, that we will cross the resistance level of $8 000 and get even to $6 000.

Latest news FUD is in accordance with the technical vision, so keep calm and do not panic!

Thanks sharing useful material, @zer0hedge!