BTC downtrend resistance and uptrend support are going to meet at a point and we have high chances of winning of uptrend ! Using fibonacci retracement techniques and considering a lot many factors this is what i have to say ! We could have a long elliot wave like that as per me ! The short one will complete soon though . ( I had posted one elliot on fb and just today i noticed the fall we having today is ABC of that wave. Making so many elliots in one graph messes it up completely ) . Anyways get ready for the war ! Most of things should be clear from the chart itself ! If there is something that you are not getting do let me know ! Also volume is the only problem we are suffering from which we would like to see at this war !
You would be thinking despite of such a huge fall ( many calling it bull trap) i m making such an elliot wave ! Well this is what i think guys ( uptrend should win over here ! ) Though we need to check it and await for confirmation ! Get ready for our test of Trend ! Chances of loosing are there (bcz we still not in uptrend !) but low !