BTC Heading downwards if support 7250 is broken.
I would short around 7250 because we go down to 6200 for a bounce.
The elliot wave drawn is in a bullish scenario where the wicks are not considered for a correct elliot wave.
The elliot wave drawn is in a bullish scenario where the wicks are not considered for a correct elliot wave.
Nota
The short is based on RSI going lower even with RSI+EMA.Another factor is the rejection of the 61.8 Fib retrace with low volume
Nota
we currently bouncing of the upper trendline, if this gets validatedwe see a new low and might bounce from 6.3k
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