BITCOIN - The Final Bearish Moves ✅
Updated
Following on from our last post, we are now seeing the final bearish wave lower. This wave consists of 5 subwaves. We are currently on the 3rd subwave, which is made up of 5 minor waves. Expecting price to stay below below the dark blue trendline for this subwave.
Once we complete the 5 minor waves for subwave 3, we're expecting a subwave 4 ABC correction. This will be our last chance to short Bitcoin before buying it for the long term.
Trade Idea:
- Watch for price to stay below dark blue trendline
- hold shorts until we break the descending trendline. Once we break = subwave 4 appearing
- Mark out ABC correction for subwave 4
- Short once more for the final subwave 5
Gooduck and as always, trade safe!
Once we complete the 5 minor waves for subwave 3, we're expecting a subwave 4 ABC correction. This will be our last chance to short Bitcoin before buying it for the long term.
Trade Idea:
- Watch for price to stay below dark blue trendline
- hold shorts until we break the descending trendline. Once we break = subwave 4 appearing
- Mark out ABC correction for subwave 4
- Short once more for the final subwave 5
Gooduck and as always, trade safe!
Note
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