Bitcoin may go upside to retest 30000 USD price level with an X wave being an extended flat correction (abc blue count).
The volume on daily time frame remains weak and with the price below 300000 k level those things may turn the price down for an Y wave(black bubbles count).
I am watching fib retracement levels of the first WXY (blue count) and 0.764 may be a good point to end this X wave (black bubbles count).
Good luck!
Hit the like button if you like my analysis and follow me for future updates.
The volume on daily time frame remains weak and with the price below 300000 k level those things may turn the price down for an Y wave(black bubbles count).
I am watching fib retracement levels of the first WXY (blue count) and 0.764 may be a good point to end this X wave (black bubbles count).
Good luck!
Hit the like button if you like my analysis and follow me for future updates.
