BTC price is now testing the $8.3k - $8.4k zone and is about to reach the 55 EMA.

If the price breached $8.5k and the 55 EMA and maintained the price above it, it may mark the completion of the corrective ABC wave and may start an upward run.

However, if the price failed to breach the $8.5k zone, then it is likely for the price to bounce to $7.7k - $7.6k before going back up to $8.2k (0.618 Fib. retracement) and continue the corrective wave as shown below.

5 min chart shows mixed signals in the MACD and RSi indicator, therefore, I call neutral in the short-time period (can suddenly go bullish or bearish anytime).

Disclaimer

This is my personal view and I don't claim it to be a professional financial guide. Your decisions are only controlled by you and only you. Listen to what others say, but don’t believe everything that you hear. Research, analyze, and think. In the end, you can only thank yourself for believing in something that is true. Likewise, you can only blame yourself for believing in something that is false.

Want to earn more?

Earn through SMARTSTEEM - guide
Earn followers and upvotes through STEEMFOLLOWER
Earn through mobile mining - Electroneum

Earn through games:

Cryptomininggame - browser game
Aethia - Ethereum game
Bitcoin mining game
Magic bitcoin farm
Dino park game
Cash zoo bot

Guide for newbies:

Trading Strategy 101 – Understanding Cryptocurrency Volume
Trading Strategy 101 – Understanding Order Books, Buy Walls, Sell Walls, and Fake Walls
Trading Strategy 101 – Using 3 Moving Averages
Trading Strategy 101 – Support and Resistance Zones Strategy Guide
Trading Strategy 101 – Easiest Bitcoin Trading Strategy
Crypto Guide for Dummies - Avoiding Beginner's Mistake

If you liked this post or it helped you in any way, please upvote, follow, and resteem so that more people can learn about this information! Thank you!