Hey guys!
We come to a decision.
After several bounces from 6000/6500 Support area, we reached a critical point.
BTC/USD is still traded below its bearish trendline, but i am pretty sure we will come to an end
Its not very likely to me, that we fall below support, but if, u have to get your bugs out. The drop would be very huge.
My Opinion is, that we completed our Elliot Wave correction now, break through trendline, and can expect bullish days.
But I wait for confirmation. Breaking through trendline, and crossing of SMA 5/10 maybe 20 is a must have.
Happy trading!
!! Mention: That is my personal opinion, no trading advice. Its your money, your trade, your risk and your responsibility.
We come to a decision.
After several bounces from 6000/6500 Support area, we reached a critical point.
BTC/USD is still traded below its bearish trendline, but i am pretty sure we will come to an end
Its not very likely to me, that we fall below support, but if, u have to get your bugs out. The drop would be very huge.
My Opinion is, that we completed our Elliot Wave correction now, break through trendline, and can expect bullish days.
But I wait for confirmation. Breaking through trendline, and crossing of SMA 5/10 maybe 20 is a must have.
Happy trading!
!! Mention: That is my personal opinion, no trading advice. Its your money, your trade, your risk and your responsibility.