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blloyd

#Bitcoin found weekly cloud resistance. 30%-40% $BTC correction.

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Bitcoin (BITSTAMP:BTCUSD)  
blloyd  
BITSTAMP:BTCUSD   Bitcoin
Chart Patterns Technical Indicators Trend Analysis Bitcoin (Cryptocurrency) BTCUSD BTC crypto Cryptocurrency
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chartpattern indicator trendanalysis bitcoin btcusd btc crypto cryptocurrency
BTCUSD found cloud resistance on the weekly Ichimoku Cloud.

These cloud settings are based on the 656-hour Sidereal month.

The last time Bitcoin made a parabolic run like this off the bottom of the bear market lows it saw a 40% correction:

40% correction following the 2015 parabolic run

  • 30% correction takes the price to $6350
  • 33% correction takes the price to $6100
  • 40% correction takes the price to $5450

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