Bitcoin - still in up trend channel but nor for a long time
Today dumped the price "unexpected" because many people changed from bearish to bullish after last breakout and close above 4000 $. And that's the reason why the big players dumped the market ;). From chart technical view this was a perfect Elliot wave which finished at point 5 and should be followed by an ABC correction.
Expect further price decreases in the next days if the price break down from up trend channel.
-wait for another good long entry at 3650 $
-shorting from here is not worth after this dump today
Expect further price decreases in the next days if the price break down from up trend channel.
-wait for another good long entry at 3650 $
-shorting from here is not worth after this dump today
Trade closed: stop reached:
closed at stop loss 3841
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
