BTC BULL OR BEAR? PLACE YOUR BETS!

Hey Guys and Girls!

No Taylor, No Ronaldo... Just pure and not so simple BTC...

Looking at BTC right now, and direction... for me if I was a betting person and you kind of need to be if you are trading and picking sides, we have 2 choices....

And those choices are BULL or BEAR

And as much as some traders will like to tell you they know where we are going... well that is how you get yourself into trouble as there are 2 clear paths right now. These paths are determined by the technical pivots and for me wave strength, which has stalled.

We had some nice strength last night my time, which was exciting and looked like it could have been the reversal, but what concerns me here, is the wave strength has halted, and
if this was an impulse wave - it would mean it is the 3rd wave... the strongest and most powerful wave...

Where is the strength?

Why has it stalled where it has?

In my opinion a very pivotal area to watch is $7500-7693 as I believe that movement decides BTCs fate...

Again if I am placing bets... I would be 70/30 more swayed to the C wave Lower Target....

So for now... Safe and happy trading!

REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION
(minimise your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!

LNE.

DISCLAIMER:

The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...

PS make sure you give me a like.... :) <3
Everyone likes it when a girl is on Top ;)

PS.... I would love to know what direction you think below in the comments... and why. Remember there is no wrong answer here, just opinion!

Comment:

BTC just had a drop , I think we are in an ABC wave shown, and after finished we will head up to 7700 area before dropping again....

Comment:

A few of you asking here and on twitter for short term target, and this is what I am seeing right now :)

Comment:

Check out this indicator if price is purple area it's in consolidation, if under purple stuck under resistance :)

Comment:

Tighter wave targets :)

Comment:

Leading Diagonal still in play target $7920 (range $7900-8100) updated 1-5 EW

Comment:

Currently facing resistance in the triangle /wedge, I still believe BTC will try for $8000 and will be turned away at the 200EMA

Comment:

BTC showing signs of weakness as it is turned down from 100EMA, (purple) that it had just passed this morning.... 200EMA is looking harder and harder to reach... revised target $7,900 more sideways on the way. I have extended the EMA lines to project where the resistance might be