Bitcoin's healthy correction to $7k area. for COINBASE:BTCUSD by Pumpcat

trendanalysis waveanalysis bitcoin bitcoinforecast bitcoinprice cryptocurrency

BTC bias currently bearish:

- 5 waves up done
- Price below daily kumo
- Descending triangle pattern
- Ready to complete this ABC to 61.8 fib

Comment:

There she goes, short order got triggered.

BTC short setup to 7k area (minimum target)

Comment:

Price following the plan. Let's see how fast we will hit target.

Comment:

Almost a month before close to target. Taking 70% off the table here, letting the rest run for target.

Comment:

Happy that I took 70% of the table 2 days before this strong pump. SL for the remaining 30% hit in profit.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.