Bitcoin Price Pathway; Correction In progress. by erit2018

bitcoin · @erit2018 · Feb 21 '18

Bitcoin Price Pathway; Correction In progress.

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Bitcoin has just finished it's first impulsive rally of 2018. The following is a likely price pathway (correction); this ABCDE wedge will allow BTC to correct sideways and test the support level around $11700 multiple times.
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![](https://steemitimages.com/DQmabGcB51AeZiQuaE6Vu3JLFQi6PfDYmWd6xREfpxdaW3x/image.png)
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![](https://steemitimages.com/DQmQ51PMgHxsgmuCyCjf5XpFmb6UAbKAcktRJPLzBvU2KZW/image.png)
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A further view of the 11700 support level in which BTC needs to break. The wedge will be a perfect mechanism to tack away at this resistance until it breaks! Upwards and onward we will go if this happens. 


*Disclaimer: All technical analysis is for entertainment purposes only, this blog is not meant to be financial planning or investment guide :)*

👍 erit2018
👎 thecyclist, ngc, thebotkiller, iflagtrash, danknugs, theyeti, thesloth, berniesanders, speakyourmind, the.bot, randomthoughts, rewardpoolrape, nextgencrypto, ozchartart, engagement

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