Short

BITCOIN 3rd Wave down imminent after ABC completion

As shown on chart we completed a 5 wave strucuture down from the high of 24650, in a leading diagonal fashion with an ending diagonal falling wedge in the 5th of the leading diagonal; following the 5 waves a corrective sequence was expected whereby we got an ABC flat correction and have tagged ~1.236 extension aswell as the strong orderblock resistance, looking at the subwave structure of the C wave; it appears the asset could be heading towards a 3rd wave down towards 21k where fib extensions will be a valuable indicator for future price aswell as the lower trendline that bitcoin has been channeling in since the 17k low.

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NICKVASS10

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