BTC to 27-28K before retracing back to 34-35K.
Ladies & Gentlemen,
It's obvious BTC has broken out of it's triangle wedge and is in a downtrend. Some may think 30K is now support. Sure, for the time being. But without buyers, it will turn into resistance by tonight. I also believe that this is wave iii of an Elliott wave coming down. So don't get trapped like some folks did with 32K! The next level down should be a temporary support and a short term reversal to 34-35K.
My guess is that 27.2K will be the point of reversal.
Good luck and trade safely!
It's obvious BTC has broken out of it's triangle wedge and is in a downtrend. Some may think 30K is now support. Sure, for the time being. But without buyers, it will turn into resistance by tonight. I also believe that this is wave iii of an Elliott wave coming down. So don't get trapped like some folks did with 32K! The next level down should be a temporary support and a short term reversal to 34-35K.
My guess is that 27.2K will be the point of reversal.
Good luck and trade safely!
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