BTCUSD has seen an unprecedented BULL run but I suspect that this run might be over for the short term of the next few months. What we are seeing is a HEAD and SHOULDERS top after a solid 3 WAVE push higher. Coupled with the right shoulder being a lower high and BTC making a lower low from the previous higher low. Additionally, there is now a descending...
The market in BTC/USD has been consolidating recently and will potentially breakout to the downside. If it does this, I am looking for a retracement to around the $7000 level. This area shows previous demand along with alignment with Fib retracement levels. If the price action shows consolidation and interest to hold at that level, there is a good potential for a...