BTC seems to me to need consolidation.
It appears that BTC is on the consolidation. The fact that price has surged too much in too short a time, I think, gives a reason to expect a small decline.
An AB=CD pattern seems legitimate, and going to militate on the price action.
I think the price would end up at 2153 yuans, where I believe it may bounce.
It is nonetheless essential to note that should the price go above a potential reversal zone, the AB=CD pattern will be negated, and thus foreshadows another strong rally.
I have shorted at 2274 yuans, and am waiting for 2153.
Thank you for reading.
An AB=CD pattern seems legitimate, and going to militate on the price action.
I think the price would end up at 2153 yuans, where I believe it may bounce.
It is nonetheless essential to note that should the price go above a potential reversal zone, the AB=CD pattern will be negated, and thus foreshadows another strong rally.
I have shorted at 2274 yuans, and am waiting for 2153.
Thank you for reading.
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