As you can see BTC is following the path shared a week ago.
After the ABC pattern (double top) we are right now descending in the first wave of a 3rd wave that is going to end in 6k. In that path...we are going to have a decent rebound in 7.4k and before the double bottom.
this is my projection for the 12345 waves inside the third wave.
Short Term: (today) LONG Medium Term: SHORT Long Term: SHORT
I am LONG in the short term, because we need to relax indicators before going down again, so..I think there is a chance to make some money scalping and catching the rebound from some alts. This is a risky trade because is against the trend and is like catching a falling knife, if you are not good at risk management stay out.
You can check the accuracy of the prediction and see the big picture in related ideas.
Thanks for reading and any feedback is appreciated.