Update on $BTC
100SMA on the daily slapped BTC back down. We see a technical local top formation with the candle structure on the daily with a forming tweezer top structure.
The weekly chart candle CLOSE is worth keeping an on as SO FAR it’s setting up to be bearishly divergent divergent.
The real test of a real bearish continuation would be dropping below the June low as that erases all bullish Elliot wave counts.
Stay tuned
100SMA on the daily slapped BTC back down. We see a technical local top formation with the candle structure on the daily with a forming tweezer top structure.
The weekly chart candle CLOSE is worth keeping an on as SO FAR it’s setting up to be bearishly divergent divergent.
The real test of a real bearish continuation would be dropping below the June low as that erases all bullish Elliot wave counts.
Stay tuned
BiloCrypto