Bitcoin has been complete a full elliot wave from 10k to 64k , the corrective wave took the price upto 40k , from there the next impulse wave starting and happening now
Bitcoin got a dump pump 'n dump today. I believe it's due to macro economic factors. Nevertheless as I posted on Twitter already, dips like this can happen. A dip of 10% is nothing compared to the dips that occured in the last bull cycle. We've seen a lot of greed in the market and it's something to really take care off.
I'll remain bullish in the short term if...
Bitcoin has come for its second test if stay on the trend we can see 63800 else if breaks in coming days we may see
Again 50000-48000 mark for correction
Note : this is just for my analysis and idont recommend anyone to go long of short please do your own research analysis
Bitcoin seem to be forming a potential inverted head and shoulder pattern. Watch for buy at a low of right shoulder if it bounces. Breaks the shoulder will invalidate the iH&S. So far it looks like it but the pattern can be morphed at any time.
bitcoin will go bearish after this pullback , wait for the confirmation ie the pullback ,
then short from that 45300+ area pull back can go upto 47000 range.
