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thejdela
Aug 8, 2019 2:08 PM

Buying Bitcoin At 10960 & 10475 - Pullback Coming Short

Bitcoin / United States DollarCoinbase

Description

Sellers remain interested in dumping at these levels as volume shows. Bitcoin dominance looking like a pullback is coming soon. A huge harmonic structure has almost completed, so at this time I am expecting a pullback to 10960 & 10475 following. I am expecting a 5 wave impulse down using pivots as targets. RSI is in bullish territory so this is not a place I want to short. I will consider a short once we fall under my RSI trend line and close. We continuously fail to hold above the major bull flag trend line, which for me is a big sign of weakness, I thought buyers would be excited and BTC would pump fast. For now I resume seeking lower prices. Best of luck out there everyone.

Comment

Don't disregard this triangle as this would take us to 12,690 and complete the harmonic structure. So it's purely percentages, as playing the triangle pattern would have a higher win rate.
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