BTC continues its downward trend, traversing under the Kumo cloud, bouncing off the 2/1 Gann Fan level of resistance multiple times plotted from the previous ATH of $19K. Wait for a clear break of the 2/1 Gann Fan and & definitive breakout of Kumo cloud before assuming any long position. An ABC correction following the completion of the Elliot Wave may also signal a move to the upside.
Hold on to your butts!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.