BTC/USD [8H]
Bitcoin remains somewhat vague at this point.
We swept the ATH, but yet again (C) isn't lower than (A) which is suspicious.
If we would anticipate (C) going lower, it means that we can make another leg downwards at this point.
However, if we compare ETH and XRP, they are in fact ready to pump, so it would make sense that BTC joins in.
Things are uncertain, if you want to trade then do so without leverage.
We will continue to monitor.
BTC/USD [8H]
Count has been altered after the huge drop following the news of Trump.
BTC has been relatively stable in comparison to others pairs such as XRP.
We went to the ATH, were doing just fine until the news hit like a train.
Nothing much we can do about, however we're already seeing bullish momentum re-enter the market.
However, remain careful, another leg down is technically still possible as we are trying to penetrate the 200EMA on the 8H TF.
Hits such as these are all part of the game, hence why overleveraging is a game of life and death.
We will continue to monitor.
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