Short

Overdue bounce but could happen below the current support level

Updated

BTC might bounce now at 6,350$ but I expect bitcoin to test the 6,800$ resistance level from a lower level.

Note

It seems like the correction is starting.

And there is room for a short squeeze (see below the volume of short contracts on Bitfinex)

snapshot

Note

Maybe we won't have the correction wave (pink ABC line)

Also on:

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