Hi, i will make it simple in this chart. On the 1-day chart we see BTC bounced from the 61.8 retracement level, witch is an important level, when we are under this level it is a bearish sign! Above this level we could say market is moving to bullish but in fact we didnt do this we will go downer now.
IF we hit the 8234 level, witch you can see at the orange line by today we will move downer from there and
BTC will form the C of the bigger elliot correction waves, witch will bring us to around 4500 USD/BTC.
Please look how this chart plays out ;)
Thanks and good luck with your trades.
IF we hit the 8234 level, witch you can see at the orange line by today we will move downer from there and
BTC will form the C of the bigger elliot correction waves, witch will bring us to around 4500 USD/BTC.
Please look how this chart plays out ;)
Thanks and good luck with your trades.