BTCUSD to around 2,5k

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
1) EW count is not complete.
2) RSI- bearish divergence

We will most likely fall to around 2,5k where we find very strong support. Let's see how the market reacts when waves are finished.

Until then,

Comment: EW count 2->4 is a 1:1 Fibonacci extension. Thereby target of aprox. 2,5K
We might get a strong bounce at 3k where we find very strong support.
The bulls will be fighting very hard to change market direction. We will probably make one leg up (i.e. bull trap)
However I believe it's too soon to reverse the trend completely. It's still rather profitable to short, and shorts are in power.

Order cancelled: Obviously EW count was incorrect
Personally I think that's a bit too deep a dip- probability for $2.9k is higher imo- just throwing in my two cents.
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