Bitcoin might have carved a probable Wave B of an expanded flat corrective structure around 13235. If the above is correct, we should witness a bearish reversal soon while prices stay below the 13235 mark. A 3-3-5 expanded flat wave structure could reach up to 7500-8000 levels, going forward. The overall long term trend remains bullish but crypto might turn lower over the next few weeks.
Remain short, Stop @ 13500, target is open.
Good luck!
Remain short, Stop @ 13500, target is open.
Good luck!