A healthy cool off, potential bounce in the 1700-1710 area again. Stocks are rallying but with protests, trade war around the corner and spooky fundamentals it seems that TVC:GOLD aint going downstairs. Nevertheless as we all know markets can remain irrational longer than you can remain solvent.
I personally think that 10800 will be tested again so the right people can buy cheap. Then rocket mode.
Trying to apply elliot wave principles to current BTC chart
Based on weekly, monthly and yearly VWAP, Fibonacci retracement levels Details in chart
Entry with tight stop loss. Not financial advise. Details in chart
It seems an ascending triangle is forming in the hourly chart. The hype and positions accumulating from previous moves may trigger a nice upward trend. Just some thoughts