Bitcoin -7.70% just completed a extended 3rd wave and hence poised for some correction.
A-wave -1.30% is in play , we will wait till B-wave is done and SHORT Bitcoin -7.70% for the C-Wave -1.66% . As seeing the volatile nature waiting for confirmation is a better way.
As the current top is very mechanical and magical (16666.66) retest is very much possible.
Correction can take it to test the fibb levels to the downside and then the last 5th-wave will start.
Most of the other major cryptocurrencies are also poised for correction so this adds some more odds to think about the correction in the crypto market, which has started yesterday.
Will work with this till any change further. BITSTAMP:BTCUSD -7.70%
A-wave -1.30% is in play , we will wait till B-wave is done and SHORT Bitcoin -7.70% for the C-Wave -1.66% . As seeing the volatile nature waiting for confirmation is a better way.
As the current top is very mechanical and magical (16666.66) retest is very much possible.
Correction can take it to test the fibb levels to the downside and then the last 5th-wave will start.
Most of the other major cryptocurrencies are also poised for correction so this adds some more odds to think about the correction in the crypto market, which has started yesterday.
Will work with this till any change further. BITSTAMP:BTCUSD -7.70%
Trade active
Will short the breakout