"If" we are to break support. (BTCUSD - Bitfinex - TR:Week)
This is a happy prediction for seeing the bottom.
If price drops lower than this, then (my opinion is that investors are indicating) "digital gold" isn't good enough and the market wants something more versatile.
In other words, there will be a change in the crypto reign.
If price drops lower than this, then (my opinion is that investors are indicating) "digital gold" isn't good enough and the market wants something more versatile.
In other words, there will be a change in the crypto reign.
Trade active
Wedge channel towards end of Elliot Wave count defined, just enjoy the ride now.Note
Note
Be very wary of bull traps disguised as breaking out of the descending wedge! Don't get trigger happy and wait for confirmation -- wave 1 is never the juiciest anyways.
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