This is my perspective for bitcoin's possible movement, after breaking down of a huge descending triangle , it moves real quick to test the 200 moving average on daily based. This 200 MA is moving align with the 50% fib level which make it as a confluence zone. in my opinion, we will see 1 more waves up to test the previous broken support aroung $9000 - $9500 region.
See my complete analysis in details with the elliot wave count on my youtube channel in one point trading.
Thank you
See my complete analysis in details with the elliot wave count on my youtube channel in one point trading.
Thank you
