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TradeYourWay1
Feb 28, 2021 10:39 AM

Bitcoin remains on course for $42k Short

Bitcoin / U.S. dollarBitstamp

Description

Divergence still in play back to Previous Structure

Comment

Started calling this short mid Feb as per the monthly cycle youtube.com/watch?v=jJj5sKoegCo
Comments
WallStBuffet
Hoping it doesn't go any lower than 42, in fact 42 on my chart would be a break to the downside of the wedge.
TradeYourWay1
@WallStBuffet, IF it does, then can look for back down to the previous record high around 19k. But would plot some Fibs on the bigger timeframes looking for at least a 38.2% correction
WallStBuffet
@TradeYourWay1, I think that if the general stock markets don't turn downwards next week, then we will get another bull run in BTC. This pullback will be like the ones in July & Sept 2017. There does seem to be some link between BTC and the markets.
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