I don't see a lot of buying power happening here and the volume is pretty low. I think Bitcoin will retest some Fib support levels before starting major rallies up. The first target will be $8700 (23% Fib) or we can see even lower price targets around $7900 (50% Fib) in longer run. June was pretty boring already so let's see how July will play.
Honestly, it is just a long, messy wave 4 correction in Elliot Wave and there are not much to trade here. There is higher probability to lose money instead of gaining if you are a day trader. So I suggest to close your positions with small profits, just to be safe, unless we get out of this nasty wave 4 correction.
Happy trading and stay safe!
Honestly, it is just a long, messy wave 4 correction in Elliot Wave and there are not much to trade here. There is higher probability to lose money instead of gaining if you are a day trader. So I suggest to close your positions with small profits, just to be safe, unless we get out of this nasty wave 4 correction.
Happy trading and stay safe!