We are getting down to the money end of the business and I'm feeling like we may see more downside. It's nothing more than a gut feeling, this thing could really go eithe way.
A possibility is that we could see a throwover were the price breaks resistance then falls back below. Of course the resistance support flip could hold, BTC gets a bounce off the newly formed support and we are off to the races. Gidddy up!!
A possibility is that we could see a throwover were the price breaks resistance then falls back below. Of course the resistance support flip could hold, BTC gets a bounce off the newly formed support and we are off to the races. Gidddy up!!
Comment:
As we can see BTC went on to complete wave 4 before getting rejected. A strong bounce off the support its currently sitting on would print another higher low and confirmation of the R/S flip.