Skyrex

Bitcoin is showing the false breakdown?

BINANCE:BTCUSDT   Bitcoin / TetherUS
Hello, traders!

Yesterday I told you that dump will continue, so we saw this continuation. The target which I pointed out has not been reached, but now I think that this dump could be ended even earlier.

On the BTC price chart you can see the that the trendline support has been broken down. There are a lot of liquidity below this line. Now it have been collected. I am goind to trade the pointed out Elliott waves structure. I consider that wave C could be ended. I am waiting for the current 4h candle close to confirm my idea with the bullish reversal bar. Only after that I am going to open long trade.

Best regards, Ivan
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