For those of you who follow me in my private Telegram channel... as promised a detailed "short" prediction on the mother of this market "BTC". It's true! There is a reverse head and shoulder pattern forming with a move at the end of it. I really want to believe this but for it to do a move up we need more spikes. Maybe it's still a bit early, because recent experience could tell us that fridays and saturdays give minor gains... followed with a sunday dip (DONT MISS OUT). If... Yes IF it doesn't play out and we are not getting this BUY I'd rather give the Wave analysis some credit. As you can see on the chart, again I've put 2 scenarios. 1 is the reverse H and S. The other the 5 wave count with the possible correction wave back to the fib level.
Also on this chart I believe there is a MAJOR support between the 8k and 9k. I believe we will retest this support and if we do BTC might consolidate again for a little while in this zone. Then its back to the buyers vs the sellers. Who's gonna win? I believe the sellers and when they do we'll retest the 6K in the next coming weeks. Another buy moment for anyone who missed out.
TA über alles.