Bitcoin going down so how much down?
Well after my chart yesterday about shorting Bitcoin it pumped for 200 USD however in my trading idea I indicated that there is a room for upward movement and we will have a small wave up which is pretty much what happened, and now I think it is time for Bitcoin to go down and one thing I am really shocked with everyone in the market talking about a parabolic run up and we will fly now, well I guess I will stick to my TA and trading strategy as it has been working for me 80-90% which is how it should be as no one is right 100% of times.
So as we are done with our wave up and we hit the area where I exactly thought we would hit 7.3-7.4k, so in my opinion this is how we will go down and with these waves you can see that we will be building up a reversal by coming close to 6k area which fits with my forecast that we will be making a higher low compared to previous low of 5.8k, so this time I expect Bitcoin to finish the retracement at 5.9-6k area after which we should be looking for a wave up and with that wave up I expect a higher peak than we have now.
Good Luck, Traders! #moon #mooncommunity
So as we are done with our wave up and we hit the area where I exactly thought we would hit 7.3-7.4k, so in my opinion this is how we will go down and with these waves you can see that we will be building up a reversal by coming close to 6k area which fits with my forecast that we will be making a higher low compared to previous low of 5.8k, so this time I expect Bitcoin to finish the retracement at 5.9-6k area after which we should be looking for a wave up and with that wave up I expect a higher peak than we have now.
Good Luck, Traders! #moon #mooncommunity
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