A wee dip prior to a real bullish gain $7400+ on the table
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If the Elliot waves hold up (there are no wave failures) in the face of strong shorts being entered in the sub $6300 area then $7400 is on the table. If you are in a short position - welcome to an uncomfortable 36 hours. If that happens the vast majority of shorts will be underwater - as shorts picked up drastically when BTC dropped below $7600. Shorts topped out when BTC was in the $6200 region and now shorts are reducing quickly.
Let's see, bring on the bulls. Protect your investment everyone.
If the Elliot waves hold up (there are no wave failures) in the face of strong shorts being entered in the sub $6300 area then $7400 is on the table. If you are in a short position - welcome to an uncomfortable 36 hours. If that happens the vast majority of shorts will be underwater - as shorts picked up drastically when BTC dropped below $7600. Shorts topped out when BTC was in the $6200 region and now shorts are reducing quickly.
Let's see, bring on the bulls. Protect your investment everyone.
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Target a little overshot. Bitcoin is looking like a beast.