We are getting down to the money end of the business and I'm feeling like we may see more downside. It's nothing more than a gut feeling, this thing could really go eithe way.
A possibility is that we could see a throwover were the price breaks resistance then falls back below. Of course the resistance support flip could hold, BTC gets a bounce off the newly formed support and we are off to the races. Gidddy up!!
A possibility is that we could see a throwover were the price breaks resistance then falls back below. Of course the resistance support flip could hold, BTC gets a bounce off the newly formed support and we are off to the races. Gidddy up!!
Note
As we can see BTC went on to complete wave 4 before getting rejected. A strong bounce off the support its currently sitting on would print another higher low and confirmation of the R/S flip.
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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.