Bitcoin Beary Bad -- Support at $13K Pending!
Despite aggressive downside action from $68K, Bitcoin Bears are not yet done with their assault on Bullish traders. Based on price action, to include both confirmations and invalidations, it seems that Bitcoin is currently in a sideways push which could last for upwards of 3 weeks.
I anticipate a drop test near $16K, also a pop test near $22K as price action ping pongs to rob more badly leveraged traders.
Ultimately, Bitcoin should find its bottom support level between $13K-$15.5K.
While I totally expected a drop even before 68K landed, I didn't think it would drop this far.
Let's see how the movie pans out.
Surf carefully; dont drown.
I anticipate a drop test near $16K, also a pop test near $22K as price action ping pongs to rob more badly leveraged traders.
Ultimately, Bitcoin should find its bottom support level between $13K-$15.5K.
While I totally expected a drop even before 68K landed, I didn't think it would drop this far.
Let's see how the movie pans out.
Surf carefully; dont drown.
Commentaire:
(a) wave seems that it will take an impulsive route --
Commentaire:
still feeling out the motion of Wave (a):
Commentaire:
due to time decay, i've reviewed the mid micro waves of my assessment and believe that bulls have a bit of FOMO left in the tank --
Ordre annulé:
bottom likely reached; no $13k for BTC.
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