CastAwayTrader
Short

Drop to 3,600 should create a bear trap

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
On 4 March 2019 I predicted a rally to 4,000.  Bitcoin hit 4,045 on 9 March 2019 and since then kept grinding lower. My expectations are unchanged, I expect Bitcoin to drop in a strong scary impulsive fashion to 3,600. That drop would complete a corrective a-b-c structure off the top of wave i up completed at 4,280 on 24 Feb 2019. 

That final drop should make a higher low and set a stage for a new rally in wave a of iii targeting 4,580-4,650.

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