Yesterday BTC -2.14% broke an important apex bearishly and headed down to finish a 5th wave. Now it has finished a 2nd larger wave and is sitting on a fib line with dimishing volume , and as such should break down. My next spot of focus is the 7k mark as the .61 lands there as well as conclusion of a 3rd wave and channel support intersect nicely. From there I can see it head into a wave 4 which would put it into a critical symetrical triangle which will tell if the bears or bulls run the show if it retraces past 7k:
If the bulls run, then I see a 10k +/- range forecast
If the Bears stay, then I see a 5k range.
Either way some nice plays coming up
Shout out to Philakone and Scotti(cryptogasm) on their perspectives.
Just my perspective. See how it turns out. Feel free to critique as always
If the bulls run, then I see a 10k +/- range forecast
If the Bears stay, then I see a 5k range.
Either way some nice plays coming up
Shout out to Philakone and Scotti(cryptogasm) on their perspectives.
Just my perspective. See how it turns out. Feel free to critique as always