Market manipulation and uncertainty look like there's going to be an exhaustion in the price action and the correction will be inevitable.
It's interesting how the markets move and leave on the way some gaps as finger prints which suggests that at some point in the future the price can potentially come back for an efficient price delivery even though many weeks have already passed by.
The upwards trend of the SP500 was broken and remains under the 200 MA as opposed to the Dollar Index (DXY) which is in a very strong uptrend way far from the same 200 MA.
The relationship across SP500 volatility and Bitcoin was pretty much related over the last months. I see some levels of prediction when it comes to VIX spikes being seen on the chart and in consequence, a strong reaction of the Bitcoin price action.
This is my last analysis as per Dow Theory when it comes to trend reversal. It's here expected a higher low and another higher high in order to reverse the trend to the upside again.
I see the 3-Wave Cycle that Elliot managed to describe which can be read along with the traditional Phases of the Psychology of Market.
Fibonacci Extensions and Trend Lines can help in Identifying Potential Price Reach Out.
This a TA based on Elliot Waves Theory applied to Bitcoin last Bull Rally.
Here's what we were expecting due to the lack of volumen and after this last bull rally.
I almost reach the favourite FIBO target the Bitcoin loves, the Golden Pocket when it comes to project a Fibonacci Retracement.
My view on the price direction based on the volumen for support or potential new locations where the price could go.
It took time for BTC to push back. I managed to witness it today