BTC/USD is still in correction mode, and if my count is correct, it will remain there for a few weeks.

If my count is correct BTC is heading towards a bulltrap.

The pattern forming looks like it could be a large double ZigZag. This is a very common type of correction and would indicate trend continuation in August. This could mean that the broader crypto markets could remain low (and even go lower) in July.

If it happens, i will invest a little in BTC and STEEM once the correction has ended.

I provide Trading ideas using EW and Pattern analysis. I am not responsible for any of your losses. Please trade responsibly.

Tell me what you think...

Have a nice day :-)