Is it done with it's downtrend? Is it messing with the alts?
For sure it has completed correctional Wave C. Now, the question is: Is this the beginning of an uptrend? Or will we bounce around and get squeezed around the bottom (6500-7000USD).
Keep a watch through the weekend and if it breaks 9000 USD, we have a legit breakout!
For sure it has completed correctional Wave C. Now, the question is: Is this the beginning of an uptrend? Or will we bounce around and get squeezed around the bottom (6500-7000USD).
Keep a watch through the weekend and if it breaks 9000 USD, we have a legit breakout!
Comment:
This should be interesting over the weekend. BTC looks to be pushing to break the upper resistance of the triangle. I doubt it'll stay above it as we seem to be over bought.