Bitcoin update. Expecting upside!
This move downside as from 21st of March I still see as corrective in abc waves of previous impulse, so expecting a reversal any time soon without breaking the low (purple line):
However if it breaks the low (purple line) it doesn't change the bigger picture and the downside should be short term in more extended (B) wave. I do not expect to break historic low (light blue line):
Note: This is not a financial advise or trade call, it's only my personal opinion and arrows in the charts shows just an indication of direction, not the specific points or targets!
PLEASE EVALUATE MY TIME BY UP VOTING AND RESTEEMING THIS POST. THANK YOU!
Your crypto_analyst
@andriustovis
If we see this scenario, does it mean we are going to have lower lows later this year (after C is complete)? Thanks.
The answer is yes! But if it makes lower low now e.i. breaks light blue line, we should see total reversal.
Very optimistic! I like the optimists