Just an experience. Don't pay much attention to Elliot Waves, but decided to have a try. The bearish signs and the decrease in volume , make me think BTC -2.84% will go down, but i hope I'm wrong!
#BTC
BTCUSDT
#BTC
BTCUSDTNote
Spike in bull volume. Let's see if this proves my "going down" theory wrong. I'd love to see btc break this resistance and go up!Note
My descending path was a bit off, but the general direction seems to be playing out.Updated chart image
Note
Checking for oversold indicators on RSI and reversal on MACD. Next run will prob get to get to around 11kNote
Hit 11k and slowly started to decline.Note
I've adjusted the descending path on the EW, but the general idea remains the same. Market has been showing low volume.
Sideways price action expected.
Bouncing between 10.2k, 10.5k, 10.8k and 11k.
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looks like we'll see <10k today
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.