BTCUSD 1H short
Wave (B) is almost done and retraced 61,8% of (A) and also broke up the resistance line.
Many will think that the brake up of the resistance line is the resumption of the uptrend but it is the edge of wave (B) which is always tricky. Same scenario happened with Gold on 4-6 January 2021 (please check it)
SNP500 is in bearish correction right now and Bitcoin can not rise, as it falls under risky equity which investors get rid of at tough times at the first time.
See my previous forecasts on the SNP500 and BTCUSD
Many will think that the brake up of the resistance line is the resumption of the uptrend but it is the edge of wave (B) which is always tricky. Same scenario happened with Gold on 4-6 January 2021 (please check it)
SNP500 is in bearish correction right now and Bitcoin can not rise, as it falls under risky equity which investors get rid of at tough times at the first time.
See my previous forecasts on the SNP500 and BTCUSD
Haftungsausschluss
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