Elliott Waves and Support Levels on BTCUSD chart. Neutral position
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Hi, folks!
Bulls were very active this day and there was no triangle pattern, that I expected yesturday. Instead, the level of $8 000 was broken without any testing and instantly.
The picture now is tricky:
Is there an extension of the 3-rd wave? The correction is powerful and I do not see any clear bearish or bullish signals. $8 000 do not resist either support.
As there is not clearness, I have closed positions purchased on dips.
Here is one more note:
I prefer being neutral in that situation, hodl some fiat and wait for dips, or clear bullish strikes.
Stay tuned!