BTC failed to make a new high over 14k.
BTC.D also points to further fall.
DXY, Dollar Index, has completed 5 waves down and not needs to correct the same upward for weeks to come.
Total 2 shows rise at least 3x.
due to all this BTC most likely in Bearish for the coming weeks,
obviously there would be bounces like from 10.5-10.8k area to test the 11.5k-11.7k area,
then expect the next leg down to 9ks and bounce again.
For long Hodl, recommend waiting for clear trend reversal on higher TF.
other wise scalp trades on confirmation either way.
BTC.D also points to further fall.
DXY, Dollar Index, has completed 5 waves down and not needs to correct the same upward for weeks to come.
Total 2 shows rise at least 3x.
due to all this BTC most likely in Bearish for the coming weeks,
obviously there would be bounces like from 10.5-10.8k area to test the 11.5k-11.7k area,
then expect the next leg down to 9ks and bounce again.
For long Hodl, recommend waiting for clear trend reversal on higher TF.
other wise scalp trades on confirmation either way.