Bitcoin has seen a very strong and amazing recovery from its lows of 2018! Practically everyone is talking Bitcoin and things are getting into that nice sentiment again. Unfortunately I see that we have huge bearish resistance at these levels of 5800-5900, which include, Fibonacci Retracement, horizontal, and the invalidation of every bears Elliot Wave count. Based on probabilities of us continuing this unbelievable run, it is probably time to come down for a retest of prior lows, or a new low. Until 5950 is broken, this count will remain valid on all major exchanges(I do not count tether, because tether is... tether). I hope you take this chart into consideration for making a short term short position or taking out some of your long position!
I wish you a good weekend and good luck on your trades!
-Trader Demo
Space Peso <3
I wish you a good weekend and good luck on your trades!
-Trader Demo
Space Peso <3