Bitcoin is making a series of sideways 3s structures. This is yet another one, which hints to a potential ending diagonal and favor the scenario that this correction is coming to an end very soon.
My bias is to the downside since i expect pullbacks on the majority of the alts in the short term.
My bias is to the downside since i expect pullbacks on the majority of the alts in the short term.
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Bitcoin is turning around after a 3 wave pullback. Im removing the limit orders and watching this develop to either a double combo or a triangle pattern.
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Triangle ratios fit, it should fail to take out the (c) high on this scenario and the .618 is on top of the 0.5 from the last decline. Essentially this a zero risk trade since the distance between the projected (E) and (C) is minimal.
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Bitcoin has a bearish structure -complex correction / bear flag. We are trying to find the top here. 7k is definitely possible just as Mex shenanigans.
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Bitcoin finally makes a move since we expected volatility spikes sooner or later.
This is a move you want to see out of a triangle, so there is more downside here.
This is a move you want to see out of a triangle, so there is more downside here.
Trade closed manually:
Tether speculation and fear pumping the price. Charts are different on every exchange, will waited out till the structure completes. Bearish below 8.5k even if it has a 800$ premium on finex.
