SUMMARY: Short, expect pullback before continuation and may see the $42-44k EMAs act as support.
-- Technical --
Forming Lower Highs and fallen under the 50 EMA & MA.
See a 2nd wave pull back before continuation for the 3rd wave of the impulse, part of Elliot Wave theory.
On Chain metric shows BTC continues to be accumulation quickly.
-- Technical --
Forming Lower Highs and fallen under the 50 EMA & MA.
See a 2nd wave pull back before continuation for the 3rd wave of the impulse, part of Elliot Wave theory.
On Chain metric shows BTC continues to be accumulation quickly.
Trade closed: stop reached:
Bottomed at $46k and pattern has been invalidated.
