BitcoinShort
BTC: Expanded FLAT...wave 5 down to complete ABC?
BTC still not out of the woods yet just like the equity Market even with some reversal signs on Monday.
Even with a dead-cat-bounce, there still be a small wave 5 down to complete waces ABC, ending BIGGer WAVE 4.
Bottom targets could be the green weekly WMA 150 around 25k zone...or even red WMA200 worst case.
*Although oversold already. However it may chop & remain oversold for quite some time forming divergence.
*BTC retraced past th 78.6% FIBO level already.
*BTC already fallen below the Ichimuko Cloud in the weekly chart.
*Any rally will still be met with strong cloud reistance pushing a small wave 5 down.
*From 40k BTC seems to be making an inverted flag.
not trading advice. proceed with caution
Even with a dead-cat-bounce, there still be a small wave 5 down to complete waces ABC, ending BIGGer WAVE 4.
Bottom targets could be the green weekly WMA 150 around 25k zone...or even red WMA200 worst case.
*Although oversold already. However it may chop & remain oversold for quite some time forming divergence.
*BTC retraced past th 78.6% FIBO level already.
*BTC already fallen below the Ichimuko Cloud in the weekly chart.
*Any rally will still be met with strong cloud reistance pushing a small wave 5 down.
*From 40k BTC seems to be making an inverted flag.
not trading advice. proceed with caution
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