Cryptopathe
Short

Rebounce BTCUSD up to 11.000$ before the fall?

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
102 0 2
I adapted the Elliot wave according the last drop just down the neck of the H&S , as the 5th leg of the Elliot wave on the chart. The ABC correction wave has still to form before a more serious drop (down to 8900 area?). The support seems to hold strong, like it did back on the 17th and 23rd of January and we see a small bullish divergence on the MACD 15min. Might be an opportunity for a short trade, with tight Stop Loss at around 10.000. I think it's a good ratio risk opportunity, let's see where the C wave brings us, around 11.000$?

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