RyanPal

3k bears still not dead?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
So, we did end the c wave at 1.23x wave a
But, we didn't end the correction on any fib level which seems to suggest that the correction might not be over.

Although we are bullish for now (till 16k area i expect), but we the bears may return.

Some signs to watch out for:
strong reversal after a 3rd wave up (c wave), we are currently in the first wave
hidden bearish divergence on high TFs, probably on daily as we reach this point of reversal.

Be careful :)


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