BTC correction to 7k~ before rally continues
Updated
BTC should form an head and shoulders through Elliott Wave theory bringing it down to 7k over the next few weeks or so before we continue our rally up
Red and blue lines are important FIB lines where it may bounce (8.7k and 7.8k)
Red and blue lines are important FIB lines where it may bounce (8.7k and 7.8k)
Trade active
Short term (2-3 days) short trade active 8300 to 7800 target (6%~)Comment
With the breakout up to the red fib line, we can assume that this whole trend will be be accelerated, assuming this is the top of the B wave. 7k is still possible however the bottom may be around 7.5k~ instead since this push up was so powerfulComment
Analysis invalidated, new analysis 
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.