Quick post. BITCOIN has dropped a little bit lower than my expected level (7007 USD).
Now we are in moment to validate the Elliot Wave count.
BITCOIN is clearly in the 61.8 FIBO Level:
Also RSI shows an oversold situation which may anticipate the rebound:
If, by the contrary, BITCOIN would fall even more, i.e. below 6800 USD, the 5 Wave Elliot Count in Blue would be invalidated hence, another scenario would appear, promoting the Bearish cycle, so even lower lows...
...take care and, in top of anything, enjoy Cryptoland!!!
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently.
Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
Posted at TIMM
