Bitcoin 'history repeats', will 40% drop theory work again?
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We have experienced 40% drop twice, the first one took 36 bars, the second one took almost half that due to China Banning Bitcoin news and Jimie Dimon's comment which obviously is abnormal and technically we should apply some adjustment on that. As of now I am assuming that we will see the price plummets to 4400~4700 range with correctional Elliot wave ABC count. RSIs are sky high across higher time frames and we just saw 'shooting star' candle stick on 4H chart, only market will tell but since I've nailed it last time, I'm pretty confident on this one.
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Price starts dropping already, even before the monday session open in Japan... hmmmmmmmmmmm..........Trade attivo
time for bloody REDTrade attivo
7000 broken, so far so goodTrade chiuso manualmente
Closed short at $7100.bfxdata shows short squeeze here. If that's the case we have target at somewhere around $8660
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Was able to catch the leg down yesterday, expecting further down but RSI is showing oversold condition across all major time frame. Targets remains the same.Trade chiuso: obiettivo raggiunto
Wave A TARGET HIT!!! Time for wave C!!!
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