muss3rwilliam

BTC Direction based on price action

COINBASE:BTCUSD   Bitcoin
I think the MM has come back to take out late longs the way the RSI and stochastic are building it looks like the MM has come back to play. A typical Elliot wave pattern don't be late on the Moves the MM is not showing any mercy in their moves. they need to break 20.5k I think when/if they do they will do it with force and push to the next level. Ideally I think they are aiming for the Golden Pocket before we go deeper than the previous low. This is a typical Elliot Wave Theory. I have yet to see these fully play out on this downtrend but this is always a possibility to keep in mind. If the MM pushes the Golden Pocket I will open a huge short their as there is no incentive for the market to drive any higher under the current FED policy and hawkishness. Keep your eyes on the chart and good luck to all of the day traders out there.

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