Sellers remain interested in dumping at these levels as volume shows. Bitcoin dominance looking like a pullback is coming soon. A huge harmonic structure has almost completed, so at this time I am expecting a pullback to 10960 & 10475 following. I am expecting a 5 wave impulse down using pivots as targets. RSI is in bullish territory so this is not a place I want to short. I will consider a short once we fall under my RSI trend line and close. We continuously fail to hold above the major bull flag trend line, which for me is a big sign of weakness, I thought buyers would be excited and BTC would pump fast. For now I resume seeking lower prices. Best of luck out there everyone.
Kommentera:
Don't disregard this triangle as this would take us to 12,690 and complete the harmonic structure. So it's purely percentages, as playing the triangle pattern would have a higher win rate.
