So here's my chart and opinion on BTC.
I see the chart still moving between its support & resistance.
This leads in an ABCDE type of correction. This type is still in play because of the 3-3-3-3-3 form is still intact.
I think we're going to see the D ($13.4ish) in a couple of days.
This is going to be a point to watch carefully. When the volume increases that much, an early breakout could be in play.
Personally I will sell 60% of my btc at point D when I see the MACD crossover and RSI overbought.
If this trend reversal is in play and the reversal is confirmed by my indicators we easlily could see a point E ($8400-6700ish).
Remember: BTC goes his own way. He does not care about TA. But this is from my opinion the most likely scenario.
HAPPY TRADING #LOVE
I see the chart still moving between its support & resistance.
This leads in an ABCDE type of correction. This type is still in play because of the 3-3-3-3-3 form is still intact.
I think we're going to see the D ($13.4ish) in a couple of days.
This is going to be a point to watch carefully. When the volume increases that much, an early breakout could be in play.
Personally I will sell 60% of my btc at point D when I see the MACD crossover and RSI overbought.
If this trend reversal is in play and the reversal is confirmed by my indicators we easlily could see a point E ($8400-6700ish).
Remember: BTC goes his own way. He does not care about TA. But this is from my opinion the most likely scenario.
HAPPY TRADING #LOVE