In my last update I was looking for BTC to top out very soon, around 29k
We ended up pushing a bit higher to 31k and have now dropped back to 27k
As already mentioned I don't believe BTC has bottomed so I'm looking for it to break the low at 15k now
You can see on my chart my Elliott Wave count:
- High Time frame ABC correction with wave A completed at 15k
- We have now completed wave B in an ABC
- Wave C has now started with an impulsive move down, first target being 13k
I will update you on LTF support and resistance levels when I have more time, but this is my HTF bias at the moment.
Of course, trade based on levels and reactions, not biases, as I could simply be wrong and BTC goes higher.
Any questions?
Good luck traders,
Remember not to break your rules,
Habib
We ended up pushing a bit higher to 31k and have now dropped back to 27k
As already mentioned I don't believe BTC has bottomed so I'm looking for it to break the low at 15k now
You can see on my chart my Elliott Wave count:
- High Time frame ABC correction with wave A completed at 15k
- We have now completed wave B in an ABC
- Wave C has now started with an impulsive move down, first target being 13k
I will update you on LTF support and resistance levels when I have more time, but this is my HTF bias at the moment.
Of course, trade based on levels and reactions, not biases, as I could simply be wrong and BTC goes higher.
Any questions?
Good luck traders,
Remember not to break your rules,
Habib
