This is probably going to be the most probable trade setup that Bitcoin has to offer. First off we have a range identified as the white line support at the bottom and gray line at the top. Seeing as we are in a sideways movement currently, we can expect continued momentum in the downwards direction toward the goal of 27K-30K.
The white line on the bottom is a perfect trend line for price to come down to and then bounce off of giving us the start of an Elliott Wave structure of five waves going upwards to around 100K.
If you can be patient through this sideways momentum, you may have an opportunity to grab Bitcoin at a much lower price and ride this wave all the way up.
This is what I'm look at. Trade safe.
The white line on the bottom is a perfect trend line for price to come down to and then bounce off of giving us the start of an Elliott Wave structure of five waves going upwards to around 100K.
If you can be patient through this sideways momentum, you may have an opportunity to grab Bitcoin at a much lower price and ride this wave all the way up.
This is what I'm look at. Trade safe.
