BTC could find final support between the 0.618 & 0.786 FIB taken on the monthly bullish impulse. This concurs with the start length of the Triangle pattern. (See two white lines)
I we go below $20k, then we could expect total market crash, but I highly doubt that as the fundamentals (large institutional investment) makes it unlikely. I will be looking for the Bulls to take over again from there and push up to new ATH which also forms part of the final leg (4 to 5) of the Elliot Wave.
I we go below $20k, then we could expect total market crash, but I highly doubt that as the fundamentals (large institutional investment) makes it unlikely. I will be looking for the Bulls to take over again from there and push up to new ATH which also forms part of the final leg (4 to 5) of the Elliot Wave.
Trade closed: stop reached:
Must say I'm glad I was wrong on this one. BitterSweet.