DFT - BTC: Bear or Correction? Observation:
Nothings can tell me if the momentum has stopped its race for now:
- No tendency change for major trends (rope).
- Planty trends and/or clouds to support price drope tendency.
- Volume is still green in daily on the resultant.
- Waves pattern is acceptable for a round 2.
=> Clearly, it's a green light for the price to continue to build up in term of daily indicator (market sentiment it's an other story :p)
=> If the things finally turn south and you want to try a short, keep the red trend in mind. It's your last border reference before a bull/bear flippening after daily closure. This trend had been retested 3 times before the previous 2017 bull run.
Gl
