BitcoinShort
BTC Short - Possible low of $4250.
Expanding wedge break to reach 6199.99, typical 1-3-5 > ABC.
Yellow trendline broken and rejected. Finish of a 1-3-5 wave and corrective B wave is rejected from the trend line (this looks like a bear pennant), down to $4900 to touch previous ATH.
On bounce of that, rejection of $5370 may take this price down to $4250 for a reset to resume uptrend to either fail to break ATH and reset to $1200 or a break up to and above $6300.
Risk management is your best friend, use stops or reduce risk.
Indicators:
RSI (14) Close
Vol (1)
OBV
MACD (5, 70, 14) Close
Yellow trendline broken and rejected. Finish of a 1-3-5 wave and corrective B wave is rejected from the trend line (this looks like a bear pennant), down to $4900 to touch previous ATH.
On bounce of that, rejection of $5370 may take this price down to $4250 for a reset to resume uptrend to either fail to break ATH and reset to $1200 or a break up to and above $6300.
Risk management is your best friend, use stops or reduce risk.
Indicators:
RSI (14) Close
Vol (1)
OBV
MACD (5, 70, 14) Close
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