BTC had formed many head and shoulders patterns, showing bearish signs. Will BTC really have the momentum to go up? Hmmm.. Buckle up and get ready for the rollercoaster ride.
Let's pray BTC does not breach the support line and form bearish flags. Bulls need to fix this. Stay tuned.
Will we reach the Fib level of $7820?
BTC had failed to rally up to Wave 3. If C is A in Elliott corrective waves, will BTC have a run up again? Will update here. Stay tuned.
BTC was supposed to rally up to the wave 3. However, in the volume, we can notice that there were MASSIVE people selling. Would this make BTC downtrend ? We need buyers inorder to recover the Elliott Impulse wave!! Let's see what happens.. Will update here whether it's just a bear trap or trend reversal. Ignore this if this turned out to be a bear trap.
BTC had run up of elliot impulse wave of 12345. BTC will most likely have ABC Correction then will have 12345 impulse wave again to 10k.