BTCUSD, SHORT
Fundamentally speaking, whatever goes up must come down, but the question is when. BTC has been proven to the new XAU.
From a technical stand point however, I anticipate BTC to go up higher. Then dropping down dramatically on the macro level. At a micro level, here, in 120, we can note that we're in a corrective state, after completing the final wave 5 of Elliotts Wave.
The correction has retraced past the 61.8 level of wave 5 and has maintained its levels above this.
If we break above the resistance levels (1346.09) we can expect a move up.
However if we break below 1300 its a sell down to 1285.47
Lets see how this rolls out ;)
From a technical stand point however, I anticipate BTC to go up higher. Then dropping down dramatically on the macro level. At a micro level, here, in 120, we can note that we're in a corrective state, after completing the final wave 5 of Elliotts Wave.
The correction has retraced past the 61.8 level of wave 5 and has maintained its levels above this.
If we break above the resistance levels (1346.09) we can expect a move up.
However if we break below 1300 its a sell down to 1285.47
Lets see how this rolls out ;)
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