Small retracement for BTC
After a strong run; BTC will likely consolidate and have a small retracement. To keep it short; a bounce in the orange or blue support cluster is expected. If we break the blue cluster and bounce at the red cluster; we are all good. If however we break back below 51K we could see a more severe correction. My post is neutral as its more a point of interest and not a move I would short unless a big follow through is coming which I do not expect to happen. So no need to hit the panic button; instead it would be another buy opportunity for alts and BTC; we are still according to plan. (liked below)
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
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BTC UPDATE: market maker is up to something here...
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IMPORTANT UPDATE: this scenario is invalidated; I recounted the impulse waves and we more upside for now. What is more interesting is ETH right! I think ETH will go parabolic and the reason you will find here:
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BTC UPDATE: this was your small retracement; watch how the W gets formed and BTC continues to the upside. BTC is looking very healthy!
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Hit that link above and press play...
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BTC dropped below the neckline of the W and the market is choppy, I expecta retracement soon towards the blue support cluster.
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