Hi, No one likes to buy here and there is more sellers, so BTC struggles to get past 60k again. Chart explains all. This is bearish scenario if this pattern plays out. Not financial advice.
Hi, If the corrective wave A ends here, it should break the temporary downtrend upside and it will not go to visit 50k or below and it may go up from this levels ... or maybe one more down to 52k level to finish the descending wedge as can be seen on chart. Elliot impulse waves playing out perfectly, and I only happened to buy at 1-3-5 tops, which made me sell...
The bigger picture tells that basic elliott impulsive waves principle played out perfectly, now we are in corrective phase and after wave C completed we should resume the bullrun, after touching 65k, maybe retrace to 58k levels to complete the ascending wedge, as can seen on chart.
Daily chart looks like it is struggling to get above the channel now and we have H&S on MACD indicator. So I expect correction to at least 45k levels and possibly below. BINANCE:BTCPERP
Hello, I am back with short trade setup. Bearish tweezer top candle formed on 1H chart, and triangle here will most likely break downwards soon, not many people wants to buy from here. If triangle break upwards, stop-loss should be located there at 59.500. Good luck all.
It is going down still, reversal would be at 50k area if it happens. Now there is really not much buyers. At least 52K expected by me. Good luck
Hello, It needs to go 38k before any big bull. So I think it will visit 38k and possibly lower,then bounce back upwards. I have drawn possible price action.
We have made higher lows bouncing the strong support trendline I drew on chart. Long trade with stop loss 48.5k Tp1 52k Target 55k