Even though BTCUSD has come across an old support level, it has reacted to a new resistance level and broken through the downside of the moving average with a retest indicating more bearish movement.
It also has not reached the bottom trendline of the descending channel (bullish flag) yet even though it has fulfilled the triangle pattern that included the Elliott Wave instrument.
Therefore I conclude that it is still going down, and you shouldn't buy it just yet.
Good luck and follow me for more!
It also has not reached the bottom trendline of the descending channel (bullish flag) yet even though it has fulfilled the triangle pattern that included the Elliott Wave instrument.
Therefore I conclude that it is still going down, and you shouldn't buy it just yet.
Good luck and follow me for more!
Comment:
I would convert this to Ripple once I've bought it though!
