Bitcoin BTCUSD short term update

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Hey guys welcome to short term Bitcoin update, now before moving forward you need to consider this situation that weekend price movements are like suspicious activity coz big money and pro traders dont trade at this time and prices could easily manipulated due to low volume , and am not long from this level, even if you'll look at my "same old pattern" series, ive been bearish and my initial targets are below 8000, but am expecting a rally from here to go above 10k which could give us another opportunity lo load our bags from more shorts.

so confirming this point again that am not opening any longs from, but i do expect a pump to load more shorts from coming rally. so without stretching this so much lets dive into the charts and have a look.

from above charts you'll see that wave C has almost 5 major retracement zones

R1 10150 (weak)
R2 10340 100% of wave A (medium)
R3 10475 fib618 (strong)
R4 10530 127.2% of wave A (strong)
R5 10610 138.2% of wave A (very strong)

not taking any long positions coz already short call is active and prices could start to dump from any level, if you've not checked my "Same old Pattern", series do check it out its last version given below. thankyou

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I love u. U save my wallet and my family. I was so scared to keep short position. but I believe u and u save me! God bless u!
@OneByOne, thanks brother, if all your words are true than its a huge reward for me. God bless you:)
and Husain another thing I donot understand is why you just ignore that 48bars on weekend zone ?
Husain_Zabir MichaelSunny
@MichaelSunny, its bot activity, its not natural that's why
Hi Husain,nice chart, but I donot quite understand how you draw the Fibonacci lines, especially that fib 138.2% level ,how did it come out ? did you draw it from the bottom to A then extended to B ? Husain could you please write an article about the methodology and strategy of your technical analysis ,that would very helpful . cheers .
Husain_Zabir MichaelSunny
@MichaelSunny, thanks mate actually ive excluded the weekend price movement when it falled from 10050 to 9100, its completely bot activity, thats why i didnt count it
Husain_Zabir MichaelSunny
@MichaelSunny, talking about my methodology so its pretty simple i make a recepie with 80% elliot wave, 5% moving averages, 5% oscillators, 5% fractals and rest 5% any fundamental news, and my chicken soup is ready to serve :)
+1 Reply
Alex_Lord Husain_Zabir
@Husain_Zabir , do you analyze order glasses in your analysis?
@Husain_Zabir Nice call. I didn't expect it to get close to 10,600 when you posted it, but here we are! Good job
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