Bitcoin appears to be in phase ABC correction.
It appears to me that we have finished the wave 5 and we are in wave A correction of ABC Elliot wave. This is the phase were we still have good news and regular investors enter in thinking this is a good entry point, many at this point are in the state of denials that BTC will ever fall. I'll also post within that analysis an image of the daily chart showing that a Bearish divergence is in progress.
BTC Bitcoin to slide down to 40K level in phase A , than up to 50k in phase B, the last is phase C to fall down to 33k.
I wish I have better news, but just be careful and trade at your own risk.
BTC Bitcoin to slide down to 40K level in phase A , than up to 50k in phase B, the last is phase C to fall down to 33k.
I wish I have better news, but just be careful and trade at your own risk.
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