DrDovetail

Diamond bottom target hit. 10600 horizontal current support.

Short
COINBASE:BTCUSD   Bitcoin
I anticipate this is only the beginning of the dip but we may see a brief relief bounce from here before continuing to the downside. We have hi our diamond top drop target but we can see we appear to be doing a bart breakdown from the day bullflag and considering how long its pole was we can actually breakdown all the way to 8.8k I'm not saying we will go that far down and I'm no saying we couldn't go even a little further and hit that 8.5 gap. both are quite possible. I however am probably gonna try to play it more conservatively and ladder buy back a small amount here/close out small percentages of shorts then maybe wait until the yellow horizontal around 9464 to ladder in more aS well as laddering in amounts at any significantt MAs or golden fib lines as we run into them. as log as we close consecutive 1 day candles under the 1 day 50ma(aka buy/sell line) we are in a seller's market bu hopefully it's somewhat short lived. I anticipate the correction to be over hopefully by the begin of september or at least the 1st half of September. We need to keep a close eye on the 1 day 150 ma to ensure it maintains support to ensure we stay in the bull market.
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