The first SHORT cycle started from $6300 and ends at $3200 which is ±50% profit. This SHORT we will take as a starting point, as it was the first strong movement of the new market trend. The second cycle was LONG - the correction of a last big fall, a growth from $3600 - $4200, which is ±22% profit. The third cycle - SHORT, the price was moving in a tight corridor, there was a flat, however, we can mention some downward movements from $3800 to $3300 which is ±13% profit. The fourth cycle was LONG and it is the most interesting and valuable one, price pumped from $5600 to $9100 = ±160% profit. No comments. The FIfth cycle (the actual one) - SHORT, again. The main resistance of this cycle is located at the $8200 level, the main support is located at the $7000 - $6625 zone. In case this level will be broken - we have supports at $6200 and $4650.
In case this topic will be interesting for you, we will continue updating this idea and post more information about our strategies. Sometimes it is much easier to predict any price movements than we used to think. If you found this idea interesting, do not forget to Like it and subscribe to the profile, so as not to miss our updates!