BTCUSD
Since the small run, btc has been going down hard. Since the big support around 6k is still there and a new low hasn't been formed, it seems that there are still some opportunities.
Right now bitcoin is in a pennant, since the direction is down, the chance of it breaking downwards is the biggest. Though the big support is not far away and following EW this pennant seems to be the 4th wave (the 3rd wave was extented) , meaning that the wave next wave down should followed by a retrace. A break of the pennant, will likely be followed by a break of 6125. In case the pennant breaks to the upside, that would be a buy moment, though profit should be taken fast.
Right now bitcoin is in a pennant, since the direction is down, the chance of it breaking downwards is the biggest. Though the big support is not far away and following EW this pennant seems to be the 4th wave (the 3rd wave was extented) , meaning that the wave next wave down should followed by a retrace. A break of the pennant, will likely be followed by a break of 6125. In case the pennant breaks to the upside, that would be a buy moment, though profit should be taken fast.
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