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TranscendentTrades
Dec 8, 2019 7:35 AM

BTC/USD - Potential $6000 retest update Short

Bitcoin / United States DollarCoinbase

Description

My previous post (link attached) expected a dip to ~$6000 when we completed the Expanded Flat retracement.

However, market has since been choppy & kinda sideways for the past week.

This leads me to believe that a corrective combination of some kind is in play, and here I outline a potential wave count.

Ideally, price should retest ~$7550 & fail to break above, thus completing Subwave E of Wave Y (Triangle).

If this plays out, then it's highly likely that we will see $6000 soon.

Follow me on Twitter for updates / potential trade ideas: @tradescendent
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