Hi traders!!
As we can see on the Bitcoin chart, price has continued to stay within the funnel. We saw a pullback yesterday, like we mentioned in the last chart, we continued to stay above the critical green line on the RSI. We don't see bad news around the market and feel news on the etf approval for early '19 may be incoming so we are optimistic the market will bounce back. As you can see Bitcoin's price action created an A-E Elliott triangle Wave, it shows a good bullish trend . Each time Bitcoin has tested the critical support level it has bounced back up and we see a good reaction from altcoins, we will monitor the trend of Bitcoin to find the best entry for altcoins. You can stay tuned to our updates by following out telegram channel.
As we can see on the Bitcoin chart, price has continued to stay within the funnel. We saw a pullback yesterday, like we mentioned in the last chart, we continued to stay above the critical green line on the RSI. We don't see bad news around the market and feel news on the etf approval for early '19 may be incoming so we are optimistic the market will bounce back. As you can see Bitcoin's price action created an A-E Elliott triangle Wave, it shows a good bullish trend . Each time Bitcoin has tested the critical support level it has bounced back up and we see a good reaction from altcoins, we will monitor the trend of Bitcoin to find the best entry for altcoins. You can stay tuned to our updates by following out telegram channel.