Reasons why BTC might see a correction
Nice run on BTC, but every impulse wave comes with a correction. At least at this level. Reasons are:
I don't expect a huge correction, but it makes more sense than another push without a fight.
Let me know what you think and give a LIKE if you agree!
- A correct formation of an Elliot Wave (but not the strongest signal)
- This run is now trying to fight the 62% fibbo from the previous big run. These lines clearly determined the support & resistance during this run.
- RSI on the daily is overbought
I don't expect a huge correction, but it makes more sense than another push without a fight.
Let me know what you think and give a LIKE if you agree!
Note
And there it is. Keep an eye on the daily. But for now 7850 is in sight.Note
I closed my short at 7850 with great profits. Started up a new leverage challenge. Follow me to be updated
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.