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McPaddles

Correction Wave

Short
Bitcoin / Tether USD (POLONIEX:BTCUSDT)  
McPaddles Updated   
POLONIEX:BTCUSDT   Bitcoin / Tether USD
Trend Analysis Wave Analysis
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trendanalysis waveanalysis
BTC failed to break the resistance at $9,000 and has formed a double top at the 78.6 FIB and we could be heading into a ABC correction wave.
I will be looking to re-enter at $6,000 where I think we will find support.

I'm expecting the current trend to continue for a couple of weeks yet. We should see the bulls return early March.
Comment:
As we can see BTC has swung to the upside and broken through the psychological $9,000. Looking to break resistance at $9,475 to confirm reversal.
LTC broke out today also, ETH and others could follow trend.
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