BTC is fighting at this longterm uptrend line. It has been breached slightly, but not significantly. There is still potential for a bull wick, which would be bullish.
BTC still has a long way to go and could even end up extending this correction until late 2018.
Keep in mind that this is one of several possible counts and not my favorite one. But awareness keeps the panic away.
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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.
For full disclosure: The author of this post is holding positions in this market at the time of this post. Please conduct your own due diligence, if you plan to copy anyones investment decisions!
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