strictly

BTC - Where and why?

BITSTAMP:BTCUSD   Bitcoin
Question: What do you get when you put (10) Ellioticians in a room together and show 'em a fresh chart?
Answer: You get (10) different Elliot wave counts! And the best part is, they'll spend the rest of the time arguing why their count is correct! LOL!

Well, this is my count, and you can see that the channeling and throw over channel are certainly playing a part once again! Will BTC's price drop below the lower channel line and enter the T.O Zone? It's very probable! And, it would be the last line of defense for the Bulls...very important for price to remain above the dotted line in blue!

Regards!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.