$BTC: Holding Support Levels & Potential for Bullish Reversal
as long as we’re holding relevant support levels and as I said the relevant support is at 550 58,000 360 can I promise you it’s holding no absolutely not especially the quite impulsive decline here yeah it doesn’t look great but still we’re holding above support at the moment even in the yellow count we could say Okay possibly the move down was wave W xwave and we’re now in the in the ywa or something um which is another ABC I presented you with resistance that’s not broken yet so as long as we stay below 62,400 which is the 78.6 retracement level of this decline that started on Friday um and be forming a small bare flag here as well well as long as that’s the case downside pressure should remain high and it’s likely to see at least one more low in the yellow count or even something more bearish but I can only confirm that if there is a sustained break Below 58360 in
$BTC: Holding Support Levels & Potential for Bullish Reversal
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