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tx512

Overdue bounce but could happen below the current support level

Short
Bitcoin (BITFINEX:BTCUSD)  
tx512 Updated   
BITFINEX:BTCUSD   Bitcoin
Trend Analysis Wave Analysis
4
0
trendanalysis waveanalysis
BTC might bounce now at 6,350$ but I expect bitcoin to test the 6,800$ resistance level from a lower level.
Comment:
It seems like the correction is starting.

And there is room for a short squeeze (see below the volume of short contracts on Bitfinex)
snapshot
Comment:
Maybe we won't have the correction wave (pink ABC line)
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