jimmychen23
Short

BTC bear scenario - First target 4800

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
I am mapping out the bear scenario.
If we retest 9k and can't break through it, I will move to my alternate count. It will mean the completion of the ABC corrective (upward) wave, and one more leg (wave 5 downward) to 4500s.
There is a very fib line at 9k range that fits many fib scenarios.
First 2 landing zones are 4500 and 2k.

Not trying to poop on anyone's party. Just reading charts (I have had bull counts in my past charts, but now I am trying to be aware of the bear).
We did test it, twice, why continue. The lows need to be retested