Elliott Waves and Support Levels on BTCUSD chart. Neutral position
Hi, folks!
Bulls were very active this day and there was no triangle pattern, that I expected yesturday. Instead, the level of $8 000 was broken without any testing and instantly.
The picture now is tricky:
Is there an extension of the 3-rd wave? The correction is powerful and I do not see any clear bearish or bullish signals. $8 000 do not resist either support.
As there is not clearness, I have closed positions purchased on dips.
Here is one more note:
I prefer being neutral in that situation, hodl some fiat and wait for dips, or clear bullish strikes.
Stay tuned!
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The next 24 hours will be pivotal to determine the trend! Volumes have been impressive on the upside but no capitulation selling has been seen which worries me a bit in the short term. Great content, thanks!
A lot of emotions. I assume, that people are nervous now. We need not keep calm.
Spot on as always. Market needs to give us some confirmation to any direction.
Wow thanks for sharing your point of view about it.
Gracias! You are always welcome in discussions!
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