Hey guys,
Short term it looks btc is forming the 3rd wave, also the jewel is signaling to hold your longs but i would take it carefully on that particular area.
Testing the 11.6k area would not be that bad as long it closes a 4hr candle above the lower band of the channel, closing below will invalidate the analysis and a possible sideway/trend change, I will re-evaluate then.
Short term it looks btc is forming the 3rd wave, also the jewel is signaling to hold your longs but i would take it carefully on that particular area.
Testing the 11.6k area would not be that bad as long it closes a 4hr candle above the lower band of the channel, closing below will invalidate the analysis and a possible sideway/trend change, I will re-evaluate then.
