It looks like the 5th Wave of the impulse wave up was not very strong . We may be headed into a sideways ABC correction unless something dramatically changes in the coming hours.
Sideways trading for the next couple of days with good entry points at around 750 Satoshis. As always be careful and be a reactive trader. I believe that 750 will act as a strong support and will keep the flat ABC corrective wave on track. After the ABC correction completes this should be followed by another impulse wave up in my opinion that will be stopped in its tracks after the MainNet launch on October 31st. Will keep you guys updated with new charts along the way.
Sideways trading for the next couple of days with good entry points at around 750 Satoshis. As always be careful and be a reactive trader. I believe that 750 will act as a strong support and will keep the flat ABC corrective wave on track. After the ABC correction completes this should be followed by another impulse wave up in my opinion that will be stopped in its tracks after the MainNet launch on October 31st. Will keep you guys updated with new charts along the way.
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Related publications
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.