BTC pathway leads to another down movement (not by much)
We're undergoing an impulse wave down and it's a huge one. However, we still need to see how the ABC going up would go like. Will it be a flat or a normal ABC? We shall see in the coming hours or days.
I still see 8400 as the current strong support. We may end up with a double bottom or maybe lower to the .618 region. Who knows? Let's see how this goes as data comes up.
I still see 8400 as the current strong support. We may end up with a double bottom or maybe lower to the .618 region. Who knows? Let's see how this goes as data comes up.
Comment:
ABC may have completed and bulls will start their comeback.