BitcoinShort
BTC/USD Test of 9k highly likely
Updated
Hi guys chart speaks for itself but we had a weak bounce off the 0.382 fib with no volume to follow it up forming our B wave. We will likely get an expanded flat down to our buy zone which is the optimal retrace at the 0.5 fib and the wave 1 ATH. We should get a strong bounce off these levels to start our wave 3 of a higher wave degree which i believe will break that downtrend channel we are still stuck in. Keep in mind our B wave may go higher but I think it is more likely we are going to have a C wave down as the MACD has done a bearish cross on the 1H.
Also did anyone else see that massive whale dump?
Also did anyone else see that massive whale dump?
Note
Bullish scenario:Note
Bear flag in play, short positions could be entered upon breakdown of flag.Note
Trade active
Trade active
We have gone below previous dip 9k target should be reached soon.Trade active
Another bear flag/ pennantTrade active
Flag has broke down buy zone should be in play
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