Just an experience. Don't pay much attention to Elliot Waves, but decided to have a try. The bearish signs and the decrease in volume , make me think BTC -2.84% will go down, but i hope I'm wrong!
Spike in bull volume. Let's see if this proves my "going down" theory wrong. I'd love to see btc break this resistance and go up!
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My descending path was a bit off, but the general direction seems to be playing out. Updated chart image
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Checking for oversold indicators on RSI and reversal on MACD. Next run will prob get to get to around 11k
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Hit 11k and slowly started to decline.
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I've adjusted the descending path on the EW, but the general idea remains the same. Market has been showing low volume. Sideways price action expected.
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