BTC still feels bullish. Couple of reasons to throw out this statement: First Higher Low since April '18 Increasing volume ETF news didn't even matter anymore Mah balls are tingling like crazy, could be the massage chair though We see a nice fibbo support at around $6765, but if we're missing this, we can count on the rising channel since 14th of August...
My biggest mistake yesterday was getting in at 6750 with leverage. Got REKT. Lesson learned: never, ever, EVER catch a falling knife in crypto. Waiting for the storm to calm down and maybe getting some new buy-ins at either 5800 or 7000+
Just leaving this here, you know what to do. Those fibbo's were to game makers in the past month, so I'm highly relieing on those.
Nice run on BTC, but every impulse wave comes with a correction. At least at this level. Reasons are: A correct formation of an Elliot Wave (but not the strongest signal) This run is now trying to fight the 62% fibbo from the previous big run. These lines clearly determined the support & resistance during this run. RSI on the daily is overbought I don't...
Great fight at around the 6170 level and a small pump is keeping the H&S still in play (Although a chernobyl H&S that is). I'm long for the short term towards the 6800 - 7000 levels. Let's see from there. Any chances of getting below 6150 - 6200 can be painfull for the bulls.
Have patience between these two lines of support / resistance before retesting the real downtrend since march.
Global roll-out brings us nice peaks!