BTC is still very much in bearish mode. There is a lot of hopium trying to talk btc up but price action is still very much to the down side.
You do not need indictors to tell you we are making lower highs and lower lows at the moment.
Swing #4 is in play and once again price reversed dead smack at the 61% fib just like last time (scary isn't it??).
I do not expect this swing to be as forceful as the previous swings but who knows. Be particulary careful around the $7400 level (nearly there) as price might bounce and go back up. But hey, let price decide if we trade up or down....
Trade safely!
You do not need indictors to tell you we are making lower highs and lower lows at the moment.
Swing #4 is in play and once again price reversed dead smack at the 61% fib just like last time (scary isn't it??).
I do not expect this swing to be as forceful as the previous swings but who knows. Be particulary careful around the $7400 level (nearly there) as price might bounce and go back up. But hey, let price decide if we trade up or down....
Trade safely!