Bitcoin - Tightening range, huge crash coming!

BINANCE:BTCUSDT   Bitcoin / TetherUS
Bitcoin is forming a symmetrical pattern (triangle), and the range is tightening. We can expect massive volatility, probably very soon, but are we going to break down or break up? I am bearish, so in case of a bullish breakout, I am not buying it because it will probably be a fakeout. It is possible that the whales will push the price temporarily higher, but at the end, we should go down.

From the Elliott Wave perspective, we have completed a WXYXZ triple three pattern, and we are ready to start an impulse wave to the downside. Be careful of the symmetrical triangle's pattern; the price tends to sweep liquidity on both sides. So your stop loss is not safe, whether you are a bull or a bear! Keep that in mind.

Where to take profit? The next stop should be at the first order block below the fair value gap that you can see on the chart. This is also near the 0.618 Fibonacci retracement, so definitely one of the strongest supports on the way down! Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.

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