Intez1

BTC 20.08.20 Continuing motion!

Short
BINANCE:BTCUSDT   Bitcoin / TetherUS
Good day to all!
I hope you were careful in your actions at the breakdown of 12K.
Continue.. The price stopped at the support zone 11600-11500. in the future, there are 2 possible options:
1. Rebound to 12000 and further fall
2. Dump
In my opinion, the level of 10800-10500 is interesting for purchases, it is the exit from this zone that will dictate the further behavior of the market.
It is worth noting that at the moment it is not clear what we are on the wave of Elliot. Either we observed the fifth wave (12400) and soon we will find ourselves in the area of 9200-8100 (that's where the lower bound of the 4 wave is) or, as I wrote earlier, we are on the 3 wave, Bouncing off 10500 and to the moon))
Again, the 10800-10500 range is the key one.

What is your opinion?
Thank you for your attention.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.