A rise beyond the OCT-2019 high of ~$8800 may obviate the following extended decline scenarios...
BITSTAMP support zones...
BITSTAMP support zones...
Code:
@7230: 61.8% Fibonacci retracement from 15-DEC-2018 to 26-JUN-2019 (avg expected zone)
@5425: 78.6% Fibonacci retracement from 15-DEC-2018 to 26-JUN-2019 (max expected zone)
@4350: 88.6% Fibonacci retracement from 15-DEC-2018 to 26-JUN-2019 (WARNING: Bull Market Terminated?)
@5425: 78.6% Fibonacci retracement from 15-DEC-2018 to 26-JUN-2019 (max expected zone)
@4350: 88.6% Fibonacci retracement from 15-DEC-2018 to 26-JUN-2019 (WARNING: Bull Market Terminated?)
Is it possible the last leg down to $7,800 (ending October 18th) was a truncated/failed wave? I'm beginning to wonder if we've already seen the bottom. Something like this: https://bitcointalk.org/index.php?topic=5140701.msg52813750#msg52813750
Normally I would favor the beige scenario but this price action is very trolly. Not sure.....