Is BTC in phase C?
Disclaimer
Information is for educational purposes only and is not intended to give specific trading advice. Past performance is no guarantee of future performance. Investment / trading carries significant risk of loss and you should consult your financial professional before investing or trading.
Hello traders I just want to indicate that BTC has made a important attemp to break support but it was powerfully rejected and I think that this is an indication that BTC is in phase C. However we should wait an Signal of Strength( a range over the trading range that does not penetrate the trading range and a break up to the upside) to be conservative because we already are in an overbought condition so we have to be very cautious here.
Information is for educational purposes only and is not intended to give specific trading advice. Past performance is no guarantee of future performance. Investment / trading carries significant risk of loss and you should consult your financial professional before investing or trading.
Hello traders I just want to indicate that BTC has made a important attemp to break support but it was powerfully rejected and I think that this is an indication that BTC is in phase C. However we should wait an Signal of Strength( a range over the trading range that does not penetrate the trading range and a break up to the upside) to be conservative because we already are in an overbought condition so we have to be very cautious here.
Note
In Phase C and after that we expect to see strength but the lower high is showing weakness so it is likely that it is not a phase C
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