btc still looks good ... this is just a correction
right now btc is not bearish at all, as i see on some apocalyptic TA's. right now it is consolidating and creating support for the next jump.
the longer btc is trading sideways, the lower and closer it will be to the top of the downtrend channel so the next jump could boost it above it.
if btc follows the behavior from the last drop (from the double top) it means it will go as the red line indicates and will bounce from the support created at 7.6-7.7k, otherwise will continue the waves inside the bull flag then jump to 10k
i think in about 8 hours will finish the correction, then jump out of the downtrend channel and catch another jump tomorrow morning (GMT Europe time)
LIKE if you LIKE or agree ;)
the longer btc is trading sideways, the lower and closer it will be to the top of the downtrend channel so the next jump could boost it above it.
if btc follows the behavior from the last drop (from the double top) it means it will go as the red line indicates and will bounce from the support created at 7.6-7.7k, otherwise will continue the waves inside the bull flag then jump to 10k
i think in about 8 hours will finish the correction, then jump out of the downtrend channel and catch another jump tomorrow morning (GMT Europe time)
LIKE if you LIKE or agree ;)
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