These are the support and resistance lines for anyone who wants to trade futures on Btc during this correction
Needless to say:
1. Btc will need to go above 52500 and successfully test it as support for a long position
2. Breaking 40 K will lead to Btc going to 25 K
3. Good trade would be buying near 40 K with stop loss under 39600
Elliot: so far we are at the second wave of the third wave of the fifth. Breaking 39600 would suggest that we are in wave C of an expanded flat wave 4
Needless to say:
1. Btc will need to go above 52500 and successfully test it as support for a long position
2. Breaking 40 K will lead to Btc going to 25 K
3. Good trade would be buying near 40 K with stop loss under 39600
Elliot: so far we are at the second wave of the third wave of the fifth. Breaking 39600 would suggest that we are in wave C of an expanded flat wave 4