UnknownUnicorn3629102

BTCUSD - As expected but how much lower will the price go?

BITSTAMP:BTCUSD   比特币
Price has gone down as expected but how much lower will the price sink? It is very probable that the price will drop even further (Elliot corrective wave).



Notes:
  • RSI is not completely oversold yet.
  • Ichimoku cloud crossover
  • High volume spike after price hitting crucial take profit region thus making the price drop.
  • Standard corrective wave
  • Bearish short/mid term. Bullish longterm?




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