BTC Bottom

٩ مارس ٢٠١٨

As we approach the channel bottom that has proven support since 1/1/2017, my thoughts after watching this nearly vertical retrace the past 3 days are that we will bounce perhaps once more off the medium support line indicated in the chart and fall to the strong support zone also indicated in the chart. Depending on the volume as we approach the strong support line, we should see a very nice bounce.