Bitcoin Facing Resistance but Still Bullish
Every time Bitcoin takes a dip the bears come out and declare doomsday, but this pullback, like all others, will put them back in their caves. In fact, as the Kovach Altcoin Index and Crypto Spread Indicator demonstrate, both Bitcoin and Altcoins are getting hit hard by this pullback, so now is the time to load up. Anticipate more of a retracement as we complete Wave 4 of the impulse of the Elliott Wave, before picking back up to 15K or so, where we'll face further resistance as we enter the corrective phase.
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I trade cryptos exclusively with these indicators. If you want to try them yourself, register for free trial access here.
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