BTC VS DOLLAR - The correction is not over (yet)
BTC & EUR CORRECTION:
The Dollar and Bitcoin are pegged in a negative way; when USD goes up, BTC goes down and vice versa.
Currently the dollar is having a small breakout to the upside; and thus the EUR and BTC are correcting.
At this very moment many people believe the BTC correction is over, I do not think so.
Another bad factor for crypto is a new pump for Yields (check my US10Y chart in the link below).
TA:
Check chart, corrections getting smaller and smaller and we almost finished our 5 major Elliot wave.
We could expect a bounce for BTC and crypto by the end of the week, check my chart for levels and validation of a possible breakout to the upside.
Target for breakout is between 64-67K, it might get very bloody after that, however if so; the bull market will not be over.
MORE INFO ON MY PROFILE:
Check my charts linked below for BTC, BTCD, US10Y and BTCD, EUR/USD.
COMMENT:
I have yet to look at SP500 and NASDAQ so if anyone knows more about the stock market, please let me know.
Also I'd be happy to hear your opinion on BTC, USD and the stock market!
IMPORTANT: this is not investment advice, trade or invest at your own risk and research.
The Dollar and Bitcoin are pegged in a negative way; when USD goes up, BTC goes down and vice versa.
Currently the dollar is having a small breakout to the upside; and thus the EUR and BTC are correcting.
At this very moment many people believe the BTC correction is over, I do not think so.
Another bad factor for crypto is a new pump for Yields (check my US10Y chart in the link below).
TA:
Check chart, corrections getting smaller and smaller and we almost finished our 5 major Elliot wave.
We could expect a bounce for BTC and crypto by the end of the week, check my chart for levels and validation of a possible breakout to the upside.
Target for breakout is between 64-67K, it might get very bloody after that, however if so; the bull market will not be over.
MORE INFO ON MY PROFILE:
Check my charts linked below for BTC, BTCD, US10Y and BTCD, EUR/USD.
COMMENT:
I have yet to look at SP500 and NASDAQ so if anyone knows more about the stock market, please let me know.
Also I'd be happy to hear your opinion on BTC, USD and the stock market!
IMPORTANT: this is not investment advice, trade or invest at your own risk and research.
Comment:
BTC UPDATE: B wave completed, now wave C — could be a smaller retracement printing a higher low or a flash crash down to 52k. Im very bullish for tomorrow afternoon EU time.
Comment:
BTC UPDATE: Bulls are back in control, BTC broke the neckline! www.tradingview.com/...are-back-in-control/
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