Bitcoin ABC Elliott Correction Wave towards 6.8k-7.2k
It is a very busy/stressful time for us, the cryptotraders. Checking the charts 100x a day, setting alarms, and so on.
Yesterday, BTC -5.76% had a pullback from 7.6k to 8.6k and is now dumping again. This leaves a clear ABC Elliott Correction wave. BTC -5.76% is now making the C wave to the (like i mentioned in my previous chart) possible bottom of 6.8k-7.2k. A bounce in that range is very possible. If BTC -5.76% goes under the gray line and dump to 6.5-6k, we will tank to 4k or even lower. Let us hope not!
Blue line: 7.2k
Orange line: 7k
Red line: 6.8k
Yesterday, BTC -5.76% had a pullback from 7.6k to 8.6k and is now dumping again. This leaves a clear ABC Elliott Correction wave. BTC -5.76% is now making the C wave to the (like i mentioned in my previous chart) possible bottom of 6.8k-7.2k. A bounce in that range is very possible. If BTC -5.76% goes under the gray line and dump to 6.5-6k, we will tank to 4k or even lower. Let us hope not!
Blue line: 7.2k
Orange line: 7k
Red line: 6.8k