ThePuma

BTCUSD Continued Update

Short
COINBASE:BTCUSD   Bitcoin
A few waves have been truncated in a bearish manner. This suggests a bearish retrace. Looking for a retrace to the 0.618 levels with entry targets between 7800-8200. Watch for reversal signals near the 9,000 levels, but I currently don't see signs that it will hold these levels. Don't fall for a short term bounce.

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.