In this video, we look at Bitcoin's most recent weekly close and open, to check and see what the information has done to technical indicators.
Overall, things remain very confusing with mixed signals.
However, at the end of the video I offer up a new Elliott Wave count exclusively for Slice subscribers where I share a scenario that accounts for near-term bearish technicals, but longer-term bullish fundamentals. Short version of it is that we are in a corrective phase of a lot larger of a cycle than any of us expected.
Give it a watch.