Bitcoin have a boring day but some action is bound to happen soon.
Traders group is grey really compressed and they are waiting for some action to see where Bitcoin is moving. The red investors group is a little wider, and tells me they are most HODLers and some small panic sells.
Still trading below the Ichimoku cloud so a little bearish. At least it is a little green on the 30 minute chart, all larger scales have a red cloud.
Volume, MACD and RSI is tipping against bullish.
We have not broken the yellow Elliot waves, so this could be white wave 2 playing out in front of us, meaning a price explosion could come.
My primary now is up, but I'm just waiting myself too now.
These are just my thoughts, not a trading advice.
If you have another view on this post your welcome to discuss and post your charts in the comments.
If you'd like my technical analysis on another coin, please ask in the comments.
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