BITCOIN SHORT-TERM OUTLOOK (UPDATED)
Updated
As long as we are trading under 10050$, we're tagging this impulsive move as ''B''.
So 8000-7600$ area should be expected.
ALTERNATIVE SCENARIO;
If it manages to surpass 10050$, then we can consider this move as v of 5 and then we'll have a considerable pullback.
The rational strategy is too wait and stay neutral for 1-2 days.
Watch RSI trendline and volume as a signal.
Careful.
So 8000-7600$ area should be expected.
ALTERNATIVE SCENARIO;
If it manages to surpass 10050$, then we can consider this move as v of 5 and then we'll have a considerable pullback.
The rational strategy is too wait and stay neutral for 1-2 days.
Watch RSI trendline and volume as a signal.
Careful.
Note
Note
Until it's invalited by a broken 10000$, i'm bearish to at least 7800$ level
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