Upside Exhaustion Move In Bitcoin Is Over
The recent bounce in the US major indexes and Bitcoin is likely very close to completion right now. I would urge everyone to pull profits and prepare for the next big wave (likely LOWER).
Fibonacci Price Theory suggests this trend is still bearish and Bitcoin would have to rally above $34,150 to start a new recovery phase.
My analysis suggests more selling is needed to flush out a real bottom. I suspect the ES/NQ/YM and other sectors will do the same thing over the next few weeks - move lower attempting to FLUSH OUT a bottom.
Pay attention to my research.
Fibonacci Price Theory suggests this trend is still bearish and Bitcoin would have to rally above $34,150 to start a new recovery phase.
My analysis suggests more selling is needed to flush out a real bottom. I suspect the ES/NQ/YM and other sectors will do the same thing over the next few weeks - move lower attempting to FLUSH OUT a bottom.
Pay attention to my research.
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