Correction Wave
Updated
BTC failed to break the resistance at $9,000 and has formed a double top at the 78.6 FIB and we could be heading into a ABC correction wave.
I will be looking to re-enter at $6,000 where I think we will find support.
I'm expecting the current trend to continue for a couple of weeks yet. We should see the bulls return early March.
I will be looking to re-enter at $6,000 where I think we will find support.
I'm expecting the current trend to continue for a couple of weeks yet. We should see the bulls return early March.
Note
As we can see BTC has swung to the upside and broken through the psychological $9,000. Looking to break resistance at $9,475 to confirm reversal. LTC broke out today also, ETH and others could follow trend.
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