Waiting for shift of structure sa lower tf to open a position
We might hit the monthly support area which is 26k plus.
One leg up for eth and btc.
i see a corrective move. in that case, we migght see one leg up.
if it breaks above we will hit the 2nd line.. if it creates higher low break the rectangle, i am expecting 10k level.. :) Based from Elliot wave pattern we are in wave. Expecting a Wave 5 for the completion of this dump..
I will keep shorting bitcoin
If you are bearish you can short now.
Watch 11200 or 11700 on which way we are going to bounce.
BITMEX:XBTUSD Expect 104xx bounce.. Take Profit here.. and reshort at the higher price.
Analysis: 1. C wave is 98% complete 2. 12345 wave are there 3. Corrective Pattern Next 4. Look Left and you will see an order block 5. Resistance baby I will ladder my shorts from here... up to 11250.. Stop loss: 11400.. Don't miss this short opportunity.. :) Tip Jar: 36ETpp8MSujL8tfVSmMSpSk83KqjUyDQz2
We are currently in wave 4 and btc is struggling to break the resistance. But once we break that resistace, expect 11k-11,400 target as your exit point.
Im playing this pattern for BTC. Wave 2 might not be done yet and can go back to 12k. When it does, I'll ladder my short ...