BITCOIN: Static Volume, bulls indecision
Difficult to find a valid count these days...Still not convinced at all by the low volume we are seeing in the market, it makes me feel that the A-B-C correction is on play and so, we are just witnessing the completion right now of the "B" leg...
In my opinion, if BITCOIN manage to break the 6800 USD Resistance it would be very likely that it would start moving from that point at the "Bulls Territory" and so, another scenario would appear... but, as I said, I don't see a change of volume that would justify that situation.
So I expect mostly another run downwards, perhaps trying to search a better support on which rebound with more strenght Up, either at 6100 USD, just below "A" as a first tentative or just below on a well-known support around 5950 USD.
Patience.
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently.
Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
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by toofasteddie
Great analyses. I am undecided as to our direction. perhaps we are in our depression phase of the emotional cycle
hahhaha! indeed we are!