Hello guys! In this short video, I want to provide you with answers about current price action. You know what to do with 👍 and 💬 below this idea.
What is going on with Bitcoin 29 April 2020?!
Should I Buy Now? — Probably not, why explained via Elliott Waves Where to Sell? — Depending on your Timeframe and style of trading answers can be different, discussed in video Should I Short now? — It is quite risky deal. I don't trade 0.5% moves on bitcoin, so cant be sure for your success. But definitely this is not point of big reversal! Should I Long now? — Hell no! Jumping in running train, pretty bad idea.
Last ideas:
Nice old study to learn about, this shape is very common on trendy markets:
Cup and Handle, did you see it?
Accumulation process still in the price:
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If you scrolled to this point, well, it is a time to send a comment, haha:D