Exercise caution, With fed (cpi) meeting in a couple weeks, coupled with a bullish $dxy (us dollar) expect some volatility
in Btc in September, we also have the eth merge in less than 10 days.
Plenty of seller exhaustion on the daily rsi giving buyers (bulls) the chance to takeover.
Bitcoins Elliot wave theory
Waves 1, 2, 3, 4 and 5 form an impulse, and waves A, B
and C form a correction. The five-wave impulse, in turn,
forms wave 1 at the next-largest degree, and the three-wave
correction forms wave 2 at the next-largest degree.
$18500 would be a good entry for a swing long.
Not financial advice, do your own research. I am not a financial advisor.
have fun traders, like and subscribe, boost, tip.
kind regards
in Btc in September, we also have the eth merge in less than 10 days.
Plenty of seller exhaustion on the daily rsi giving buyers (bulls) the chance to takeover.
Bitcoins Elliot wave theory
Waves 1, 2, 3, 4 and 5 form an impulse, and waves A, B
and C form a correction. The five-wave impulse, in turn,
forms wave 1 at the next-largest degree, and the three-wave
correction forms wave 2 at the next-largest degree.
$18500 would be a good entry for a swing long.
Not financial advice, do your own research. I am not a financial advisor.
have fun traders, like and subscribe, boost, tip.
kind regards