BitcoinShort
BTC 70-30 BEAR
Updated
Levels stated for validation 6090 and invalidation 6800
support :
ABCDE :
volume declining
points A - C hit
points 0 - B - D hit
E overshoots
sell offs are more violent than bull PA supporting trend direction
X primary WXY subwave structure is supported with structure and RSI
second chart is older but shows prior subwave count
W subwave ABC structure of X primary passes fib check
Volatility is looming and we want to be prepared for PA no matter which direction we head, with that said I do lean bearish for the reasons listed above. I have one bullish outlook that i have tucked just in case levels are invalidated BULLISHLY .
support :
ABCDE :
volume declining
points A - C hit
points 0 - B - D hit
E overshoots
sell offs are more violent than bull PA supporting trend direction
X primary WXY subwave structure is supported with structure and RSI
second chart is older but shows prior subwave count
W subwave ABC structure of X primary passes fib check
Volatility is looming and we want to be prepared for PA no matter which direction we head, with that said I do lean bearish for the reasons listed above. I have one bullish outlook that i have tucked just in case levels are invalidated BULLISHLY .
Note
UPDATED AS some things look to have changed but slightly
Note
wrong chart
Trade closed: target reached
Break down accomplished Y leg landing zone of 3.4k was surpassed by 200
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