Back to the channel: Awaiting elliott wave 3
I expect bitcoin to fall back into its previous descending channel. Short btc from level 6900 to 7000 with stoploss placed above 7100. Target are the 6200-6300 zones.
This trades offers high risk-rewards ratio of above 4.
Confirmation of the set-up would be on breakdown of the bear flag pattern below the 6800 with close of the 4 hours.
This trades offers high risk-rewards ratio of above 4.
Confirmation of the set-up would be on breakdown of the bear flag pattern below the 6800 with close of the 4 hours.
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