Possible Bitcoin retracement in the second half of January

٢٦ ديسمبر ٢٠١٧

I expect bitcoin to rise to 17k and then fall to 9k in the second half of January as a part of the Eliot wave retracement process.
Be cautious in that period!

٣١ ديسمبر ٢٠١٧

ملاحظة

Resistance is formed at 14k. If it not gets broken in the next week, we can expect another bearish period and retrace to 9-10k.

٧ يناير ٢٠١٨

ملاحظة

It seems that the second bitcoin fall has started.

٨ يناير ٢٠١٨

ملاحظة

It seems that the second Elliott correction wave has started. I think that bitcoin will fall to 10k before becoming bullish again.

٨ يناير ٢٠١٨

ملاحظة

Fibonacci levels adjusted

١٠ يناير ٢٠١٨

ملاحظة

If BTC fell to 12500$. that support will be tested 3rd time in three weeks. I think it will be broken in this try. A lot of head and shoulders can be seen on the chart.

١٦ يناير ٢٠١٨

ملاحظة

If the support of 10500$ gets broken tonight we can see 8000$ very soon.