Short

Bitcoin 82 day cycle - MAJOR correction looming

By tradingitsnothing

Updated

I believe that bitcoin is nearing the end of a 82 day cycle and is due for a major correction very soon. My price target will be at 5k which is the previous top (point 1) and a 61.8% retracement of point 2 to point 5.

Note

*point 2 to point 1

Trade active

Trade active

snapshot

consolidating triangle on 1h timeframe, I'd be weary if it breaks on the upside

Trade active

snapshot

Break triangle on downside, watch this space

Trade closed: stop reached

I don't think its coming down anymore, bulls too strong

tradingitsnothing

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