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RE: The Reason that BITCOIN Has Value is Because... + get 100SP delegated to you by commenting~

in #bitcoin7 years ago

I expect Bitcoin to minimally retrace 1/2 back to the February 6 lows. $ 8,759.00 or less. Is my target. I expected lower than 5,846.00 on the last drop. I dont think the is low finished. But for now 8,759 has a 80 % chance IMHO. I posted the basket I use. All 4 of them should retrace 50% or more. All 4 didnt go as low as indicated February 6. The February low may not hold in Ethereum,Bitcoin,Ripple,Litecoin or Steem. For now I will be less bold.

In the short term Bitcoin may find some bounce at the yellow line at 9895.92 area. But eventually I expect it to fail. Atm it'sCapture.PNG sitting above 9,895.93

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But we know BTC doesn't respect TA.

All it needs is the media to shill again and we are flying.