BTC Tests 3.7 Months Support, Recapitulation In Volatile Market!

Hi,

Welcome to this analysis about Bitcoin, we are looking at the daily timeframe perspectives and what happened lastly with the objections of what possible scenarios we can expect in these circumstances now. Bitcoin lastly exaggerated and protracted with its bearishness moving into very very significant support determined by the blue support line marked in my chart at the 30000 USD level, this support was established almost 3.7 months ago and it is highly necessary to hold sustainably because below this support mainly stop loss are going to be triggered very likely. Therefore when Bitcoin manages the stabilization above the support it can be a good origin for possible further continuations with the wave-count to finish otherwise when this does not happen Bitcoin will move on with this wave-C-extension when closing below the dynamic ascending-support-line.

In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
"There are many roads to prosperity, but one must be taken."

Information provided is only educational and should not be used to take action in the market.