Sideways movement here lately and I suspect there is a battle going on between bulls and bears.....if we look at out Bitcoin chart, we can see that we are expecting a pull back, this may be positive for Bitcoin but it will be interesting to see how this translates for $COIN. I have added in the trend line where it has found support three times since the lows at the start of the year and it cuts right through where our blue line support is too and the 0.65 Fib, so this is an area where the bulls will want to try and hold support.....a break down here and the impulse wave could be lost.
Tommy Major
2023-04-18 00:23:28 +0000 UTC