Bitcoin shows a very choppy, non-trending market situation right now. It could go both ways:
Bullish Scenario: Current market could be a wave 4 Elliott Wave correction and it will PUMP soon.
Bearish Scenario: A Tenkansen / Kijunsen crossover is observed which is a strong bearish signal according to the Ichimoku technical analysis and the price will drop lower.
Suggestion: lower your position size and just wait for a breakout / confirmation in the direction. No need to take risks and lose money, be patient.
Bullish Scenario: Current market could be a wave 4 Elliott Wave correction and it will PUMP soon.
Bearish Scenario: A Tenkansen / Kijunsen crossover is observed which is a strong bearish signal according to the Ichimoku technical analysis and the price will drop lower.
Suggestion: lower your position size and just wait for a breakout / confirmation in the direction. No need to take risks and lose money, be patient.
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www.buymeacoffee.com/cryptonerds
Set up Alerts, Automated Trading, Backtest Results and more info:
medium.com/@cryptonerdsio-17168