Long
BTCUSD: Near a correction's bottom
In this chart I depict the different rallies and corrections where climatic volume was seen in the past, in the BTC-E historical chart.
We can appreciate what appears to be an Elliot Wave Flat forming after the 1200 top.
I think we need to see climatic volume action before a new impulse begins though so I'll patiently wait for it to go long.
The bull market that will begin then, would be of pretty epic proportions, if we don't just fade out and die.
I'd be very surprised if we don't move up, based on the manipulative efforts that we can spot in all the BTCUSD charts.
We can appreciate what appears to be an Elliot Wave Flat forming after the 1200 top.
I think we need to see climatic volume action before a new impulse begins though so I'll patiently wait for it to go long.
The bull market that will begin then, would be of pretty epic proportions, if we don't just fade out and die.
I'd be very surprised if we don't move up, based on the manipulative efforts that we can spot in all the BTCUSD charts.
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