Bitcoin made a pull back from the trend line as it was expected, but is this a reversal or just an expanding flat?
I'm tend to think that this is expanding flat and Bitcoin will soar after breaking low:
On the other hand it could be a reversal, but to confirm that bearish flag should be formed first:
This is not a financial advise or trade call, it's only my persona opinion.
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Dear andriustovis,
Absolutely agree with you my friend. Really nice objective post (more or less haha). I think that it will break through the resistance and blow up - I really hope that this will happen. Bouncing and going downwards would not be that perfect.
If you draw the elliott waves, you can register that the downtrend should be over. But however, we will see.
Yours truly, Gandalf The White
Thanks for support!
You are welcome my friend.
Have a nice day.
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