Its a battle between the Bears and Bulls right now... BTC has been moving sideways for the last 6 hours and it can't decide. Neither can I!
BTC just finished a classic ABC correction, within a much larger 12345 Elliot.
If it moves up to $9600, I think that will be a sign we are moving into a Bullish period.
If it drops, it will drop hard, and possibly give us another lower-low, forming a double bottom.
I think the only thing that will influence this is some FUD or good news. But time will tell.
This is not trading advice. Just my opinion.
BTC just finished a classic ABC correction, within a much larger 12345 Elliot.
If it moves up to $9600, I think that will be a sign we are moving into a Bullish period.
If it drops, it will drop hard, and possibly give us another lower-low, forming a double bottom.
I think the only thing that will influence this is some FUD or good news. But time will tell.
This is not trading advice. Just my opinion.
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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.