Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
A correction which was due, but triggered early by Finex panic, perhaps. Either way, up from here.
Not so fast, a correction like this is not resolved within a day. I expect at least a double bottom and perhaps a deeper correction to $610 level or $570. Could take 2 more weeks or longer before we resume the uptrend.
Typically, the market builds a triangle that breaks up. But I believe that mini-rally will become a bit of a bull trap.
