In terms of supports and resistances, BTC shouldn’t have lost 40k. No time frame is bullish at this stage. While the weekly candle close if almost 12 hours away from now, I decided to look into the matter from EW perspective.
If we consider EW here, as long as BTC doesn’t breach below 37k, this could be the 4th leg down before going up on the 5th leg.
This could be the last chance that we could give to the bulls to take control of the market. If this fails, then definitely more blood to follow.
If we consider EW here, as long as BTC doesn’t breach below 37k, this could be the 4th leg down before going up on the 5th leg.
This could be the last chance that we could give to the bulls to take control of the market. If this fails, then definitely more blood to follow.
Unless you figure a way to make money while you sleep, you’ll work till you die.