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hkmh
May 23, 2020 10:13 PM

BTC correction over Trend continuing to 1200 USD Short

Bitcoin / U. S. DollarKraken

Description

The big picture on the daily is that we still have a valid down trend
(lower lows and lower highs since 3th Jul 2019)

We have a broken correction on the daily and on 4h.

Elliot wawe 5 completed on the daily and we finished AB correction and heading down to C.

The lower channel band is at 1200 USD (previous ATH).

The down trend from jul. 2019 will be broken wehen price crosses 10509 and starts to make higher highs and higher lows.
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