Bitcoin #BTCUSD - the last chance for bulls?
The previous impulsive scenario has been invalidated due to the wave (2) and wave (1) overlap. The current scenario is still bullish, but this look like a last chance for bulls to do their thing, otherwise the bears will push the market below $5,820 support in a no time.
Commento:
Anything under $5,920 will invalidate bullish impulsive scenario.
Commento:
In order for bulls to recapture the uptrend flow, the level of $9,222 must be broken first.
Trade attivo:
so far, so good: the first resistance broken.
Commento:
It looks like the demand was beaten by the local resistance at the level of $7,500 and the chances for a rally are getting very thin.
