BTC is playing with our minds. Very hard to determine future senario:
1. 7928 was our lowest point, finished 5th (ABCDE correction wave) and now we started the 1st step of the 3rd impulse wave.
2. 5th corrections wave has not finished yet and we shall visit lower level 7600-7800 depending on momentum and price action.
At this point i think we are 50-50 probability.
On the other hand i really think market shall go the opposite the majority of people consider it shall go. We are in the manipulation field , do not forget about that)))
1. 7928 was our lowest point, finished 5th (ABCDE correction wave) and now we started the 1st step of the 3rd impulse wave.
2. 5th corrections wave has not finished yet and we shall visit lower level 7600-7800 depending on momentum and price action.
At this point i think we are 50-50 probability.
On the other hand i really think market shall go the opposite the majority of people consider it shall go. We are in the manipulation field , do not forget about that)))
Comment:
this was additional trap. we are continuing now the E wave. 7800 area is where is should bounce back and start 3rd impulse wave.