The bitcoin is currently in a channel that apparently seemed to finish, however is completing its final stage fulfilling a cycle in its trend baista fundamental news indicate that the regulations will be extended by the Asian governments what would imply their fall by the strong threat of regulators in the analysis
we can see that the downward trend is conformed by a channel that the btc still can not break but it remains and if we look well the indicators do not remain in a convergence but rather in a divergence which gives a signal of what is happening In the market, in the channel we return to make a 2 confirmation that the boss is about to follow his path ..
and finally if we look at the counting of the elliott waves the pattern is blunt with a 3 confirmation on wave 4 which must meet its wave 5 to finally make an abc and complete the fall and start a new uptrend. .
Be attentive to the next levels. .
we can see that the downward trend is conformed by a channel that the btc still can not break but it remains and if we look well the indicators do not remain in a convergence but rather in a divergence which gives a signal of what is happening In the market, in the channel we return to make a 2 confirmation that the boss is about to follow his path ..
and finally if we look at the counting of the elliott waves the pattern is blunt with a 3 confirmation on wave 4 which must meet its wave 5 to finally make an abc and complete the fall and start a new uptrend. .
Be attentive to the next levels. .