[BTCUSD] Update: And the wait continues...
Price is coming closer to the edge of the wedge and i still think the bear flag target and long term trend line support would be tested in the next push down. Elliot wave count also shows a lower low possible which could be around the bear flag target of 6500ish level.
It would be nice to see the candle close with Bull wick when the lower trendline is hit to confirm that bulls are getting into play at these levels.Lets hope this consolidation ends and we get to see a major trend move on bitcoin soon.
Check the link below for full details
steemit.com/bitcoin/@tradewithtechie/btcusd-update-and-the-wait-continues
It would be nice to see the candle close with Bull wick when the lower trendline is hit to confirm that bulls are getting into play at these levels.Lets hope this consolidation ends and we get to see a major trend move on bitcoin soon.
Check the link below for full details
steemit.com/bitcoin/@tradewithtechie/btcusd-update-and-the-wait-continues
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