Bearish Bitcoin
so guys, recently i had published an Analysis where I had mentioned about possible ABC correction of Elliot waves and It seems its following the same. Here we are with the weekly candlestick chart below 21 ema indicator which indicates weakness and is bearish, However good thing is we're still above key support level of 40k-42k. If it's to reach the support level and bounce back then it'll complete the ABC correction of 3rd Elliot wave and from there then we'll be heading towards new ATH with little bit of ups and downs. But just incase if the support level breaks then we'll be heading towards 28k-30k where the is another support level. Hope you guys have safe trading.
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