If BTC can close below the orange trendline on the 8hr candle, we should see further downward price action.
If not, we will likely see a small pump, then head back to test the green trendline again before continuing the bull run up.
However BTC has also reached the end of a large Elliott Wave and it would be good to see a more healthy, prolonged correction.
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If not, we will likely see a small pump, then head back to test the green trendline again before continuing the bull run up.
However BTC has also reached the end of a large Elliott Wave and it would be good to see a more healthy, prolonged correction.
Please consider donating a few Gwei if you enjoy my charts and find them helpful :) 0xf611624408DB83923979Fc2cBd88D6965594fb31
Nota
Previous line was slightly low, I have raised it up. Regardless we still closed above it and are now teetering on top, it's clearly not a strong support so we'll see what happens from here 
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.