A complete Elliott Wave stabilization "floor"?
Usually floors & ceilings are based on simple price points, but they can also be created by completion of new patterns that halt a trend. This is a one-hour analysis of the same BTC/USD pattern we've been following lately, and there's an itty bitty full on 8 wave pattern this week that has halted the previous decline.
I've been bearish on my BTC/USD predictions, but the recent price action has been tickling me that I was wrong. W/ the completion of this wave, and the recent breach of $11,000, I'm now calling for BTC to have a consolidation-turn-upward bias. It seems that the downward pressure has been exhausted, and the risk markets are recovering, even if a U.S. tariff trade war is possible (I doubt it).
I've been bearish on my BTC/USD predictions, but the recent price action has been tickling me that I was wrong. W/ the completion of this wave, and the recent breach of $11,000, I'm now calling for BTC to have a consolidation-turn-upward bias. It seems that the downward pressure has been exhausted, and the risk markets are recovering, even if a U.S. tariff trade war is possible (I doubt it).
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.