kjmb1

BTC EW: Max Pain before Max Gain

Short
kjmb1 Updated   
BITFINEX:BTCUSD   Bitcoin
Tether spike hasn't had any real follow up.
Still under the cloud on the daily.
Still under the 200 EMA on the daily.
Still under the longterm bear trendline .
Bear market still in tact, however looks to be drawing to a close.
Can't rule out reversal here but max pain is a necessity for max gain.

Targeting measured moves down to around 4.5k-5k where it meets double trendline support; horizontal support and fib support.
Comment:
Comment:
Comment:

still in the bear wedge
Comment:
Trade closed: target reached
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.