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I have learned the lesson that even the weakest market can become strong in one moment and vice versa.
We can see that the global 0.5 Fib is at the $46800 and I suppose that it will be the new local high because there is a very high probability
Yesterday I told you that believe in bounce to the upside to $45000, but today I am not sure that the BTC will give me the nice entry point for
I am now in a small loss and think that the price will hit my stop loss.
The Bitcoin continued the sideways around $40k. I think that you are bored of my standard analysis methods. Today let's use the trend and countertrend lines in our analysis.
We can see that it formed the symmetrical triangle. This type of patterns have 2 possible scenarios
While the Bitcoin is staying at the same level let's try to understand what is going to happen globally. We can see that the BTC is forming the 5-waves Elliott
Yesterday we bought the Bitcoin at $39300 according to the strongest long signal. After that the price pumped to $41500 and now we are going to understand at which levels
You already know that I suppose that the Bitcoin is in bear market, also you know that I executed long trade at $36300 because the bounce was anticipated.

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