Bitcoin's recent rejection at trend line resistance suggests a round of selling my be on hand. Though medium term elliott wave counts can be viewed as bullish or bearish, multiple models point to a correction in price back to 5000-7400. From there, the models diverge. Therefore, keep an eye on the structure of the decline, should it develop.
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Its been a while since I've been on tv. Let me know if you wish to see more analysis like this with a like and/or commment.
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Test your Elliott Wave readiness.
Free assessment + bonus training videos customized to your score:
qwiz.seethewaves.com/ewreadiness/p/tv1
Free assessment + bonus training videos customized to your score:
qwiz.seethewaves.com/ewreadiness/p/tv1
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.