Manjyot

Bitcoin to DIP further to complete the correction

Short
BINANCE:BTCUSDT   Bitcoin / TetherUS
As mentioned in my previous analysis that Bitcoin's momentum is weakening and expected Bitcoin dropped. You can read my previous analysis under related ideas.

Going by chart, Bitcoin has completed wave A & B of ABC wave and now heading towards point C.

At around 35349 - 39052 falls two fib channels.

First channel is from point A to B, where Bitcoin can potentially bounce from fib level of 1.618.

Second channel is from the start of the impulsive wave, which will collectively form Wave 1 of the Super cycle. So Bitcoin has already passed 0.5 fib level. Now it is heading towards 0.618.

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Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely