BTC has not shown much strength lately and made a bearish engulfing pattern on the weekly, which is currently confirmed this week with a continuous down trend. The price is sitting around an old support from august 2018, but I don't expect it to hold and with a break it will probably only intense the downtrend. I see 2 outcomes atm shown on the chart
Both of which are based on my thoughts about this being a 2nd wave (correction) in the elliott theory.
Both of which are based on my thoughts about this being a 2nd wave (correction) in the elliott theory.