XBT USD Decision Time
BTC coming up to decision time. Hovering around the strong daily support while also respecting the daily trend line since the start of the bull run.
Setting up for two possible scenarios to play out.
Personal views are:
- 70% Bullish- personally believe we are on the 5th wave that will break us through the heavy resistance in the 13k region, this last pullback was only just a higher low then wave 2 if we break through the short term down trend then confirmed.
- 30% Bearish - We could still be in an ABC correction at the C wave of the correction, if we break the long term trend line and support then confirmed.
Setting up for two possible scenarios to play out.
Personal views are:
- 70% Bullish- personally believe we are on the 5th wave that will break us through the heavy resistance in the 13k region, this last pullback was only just a higher low then wave 2 if we break through the short term down trend then confirmed.
- 30% Bearish - We could still be in an ABC correction at the C wave of the correction, if we break the long term trend line and support then confirmed.
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