Fx-Nature
Short

BTCUSD - possible short setup

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Looks like BTCUSD             may draw potential WXY corrective structure with Y wave as a triangle ?

Scenario 1 : Price breaks below short term trendline , we look for short on a retest of broken trendline .

Scenario 2 : Price fills up harmonic bat pattern with corrective structure around 12750, we look for short there.

Target profits marked on chart.


Trade responsibly.
Comment: We are at the "D" point now:
Hi @Fx-Nature , This TA is perfect ! Thanks !
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I think scenario 2 most likely. Lot of support at $10,200 area, the 200dma is moving upward. All the smaller MAs are moving downward. They are converging into each other, so that BTC can consolidate in a narrow range which is much needed .
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