Bitcoin - The Line to Watch in the Next Few Hours
Updated
If BTC can close below the orange trendline on the 8hr candle, we should see further downward price action.
If not, we will likely see a small pump, then head back to test the green trendline again before continuing the bull run up.
However BTC has also reached the end of a large Elliott Wave and it would be good to see a more healthy, prolonged correction.
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If not, we will likely see a small pump, then head back to test the green trendline again before continuing the bull run up.
However BTC has also reached the end of a large Elliott Wave and it would be good to see a more healthy, prolonged correction.
Please consider donating a few Gwei if you enjoy my charts and find them helpful :) 0xf611624408DB83923979Fc2cBd88D6965594fb31
Comment
Previous line was slightly low, I have raised it up. Regardless we still closed above it and are now teetering on top, it's clearly not a strong support so we'll see what happens from here Disclaimer
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