BTC was supposed to rally up to the wave 3. However, in the volume , we can notice that there were MASSIVE people selling. Would this make BTCdowntrend?
We need buyers inorder to recover the Elliott Impulse wave!! Let's see what happens..
Will update here whether it's just a bear trap or trend reversal.
Ignore this if this turned out to be a bear trap.
In 1 minute chart, it is very close to form a Double Top. Be careful guys. Hope it moves up to the Wave 3.
Double Top seems to be forming. Needs to break out 8.5k.
Wave 3 ignored. It's either a descending triangle or just not a good sign of trend...