Key Technical Points:
1. The Bitcoin price fell below all the key Daily EMA levels indicate the path with the LEAST RESISTANCE is to the downside.
2. Daily RSI below 50 indicates bears in control of the market.
3. A probable Elliott Wave count indicates we could be looking at an expanded flat correction of Wave 4.
Key Fundamental Points:
1. Quantitative easing for China vs tightening for US.
2. Geopolitical conflict in Europe.
All of the above tells us Bitcoin could go lower. Please LIKE and SHARE this chart.
Good luck and happy trading! :)
1. The Bitcoin price fell below all the key Daily EMA levels indicate the path with the LEAST RESISTANCE is to the downside.
2. Daily RSI below 50 indicates bears in control of the market.
3. A probable Elliott Wave count indicates we could be looking at an expanded flat correction of Wave 4.
Key Fundamental Points:
1. Quantitative easing for China vs tightening for US.
2. Geopolitical conflict in Europe.
All of the above tells us Bitcoin could go lower. Please LIKE and SHARE this chart.
Good luck and happy trading! :)
Comment:
It is not an ending diagonal. It is worse.