The invalidation line for a bullish extension scenario was breached, so BTC dropped to the last level of resistance @ 10,000$ as I predicted in my last post:
This was a precision hit again...
Todays price action will likely decide the direction for the rest of this week.
At this point, I just want a new low to get it over with, as one of my commentors posted yesterday. When it's done BTC is very likely to rise to new alltime-highs.
In germany we say "totgesagte leben länger" which translates to "anybody who is believed to be dead, will likely live longer than you think"...
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DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
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