We're seeing Bitcoin come to the apex of consolidation after a couple days of trading and now we will look to see if there's a bear breakout pushing prices down to test the $7,853 level and meet up with the (C) leg of the pullback retracement.
Support floor after the $7,853 support is $7,000, and then $6,500 and $5,800. At the beginning of the year, I predicted that we'd see a BTC test of $5k (or lower), and I'm still holding on to that prediction. I think we still have some to pull back.
Nothing major and new with BTC, stay tuned!
I don't think it is gonna break the 6k support . Consolidation on a larger scale is taking place at the moment around 8k.
I agree. Got funds ready to fill my bags ;)
Yea you're right, it is...higher lows and lower highs. But, we had a bear entry to consolidation. Likely breakout will be bearish as well.
I know so far or understand that your ideas are okay.
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Thanks
Hate to disagree, But if you really look at the chart.. We are finishing "E" wave. If you use the MACD to confirm that is... the volume is the key here. The volume shows this to be wave "E".
Interesting. Thanks for sharing. Will have to evaluate!