Daytraiding with Bitcoin. A panic wave of selling. Bearish trend
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Hello to all of you Matthew. The price broke through certain criteria, so before us is finally the beginning of the correction. Targets on the chart. the issue with long's for you to decide, we're taking positions at short. We have another big wave of a fall on the 5000-4500 in front of tothemoon. Yesterday passed 3 wave of sales, it extended and broke the formation of the final diagonal triangle. I, in turn, hurried thinking that a correction will begin on the 7300 levels
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head and shoulder breakdown. All according to plan
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according to the rules of alternation, the correction can take several days. During this time we will gather short positions and fix long ones, if any. At the end we will update at least 6000Anmerkung
The correction structure is drawn
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ideal time for long
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only for daytraidersAnmerkung
wave B is ready
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most likely formed by the double bottomAnmerkung
now the momentum is up within the last wave of correction C. because of the double bottom it will be strong
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the movement is very slow, will we make a double bottom or 5 momentum will remain there?
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also the pattern on the RSI
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