This is a possible scenario of Price action based on Elliott-Wave analysis. The correction behavior of BTC is that usually it overshoots the correction levels. in 9 of 10 cases it did that in the past until 2018 in the lower wave counts. If it comes this way, it offers better buying prices. From hte anti crypto political development in the US, there is no reason...
Quick view on the SPX for August,don't turn bearish just yet.
As usual, enjoy doing charts for you all- you are welcome to share your comments and ideas below :)
Let's surf the Waves on Bitcoin.
I've used harmonics, Elliot waves and ofcourse their corresponding fibs. All waves are labelled clearly. Classic impulsive 12345 with a corrective ABCDE for each wave. If we're wrong we place our stops tight. We take minium risk for maximum reward ;)
Enjoy traders ;)
