The question is whether we are going to see a right shoulder on BTC or we just drop down from here. For a low risk long, i would enter 3330 and keep the SL at 3315.
When the right shoulder is completed we will see a drop to 3k next. Right shoulder completion is at the top resistance at 3580.
If it breaks the trendline by a closing hourly candle we will see it dropping to 3k.
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BTC broke trendline. But bounched right off the 2.272 extension. We should see a reversal now.
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We just completed the retracement. ABC is completed.
We should now see more downside. Next target 3200.
We should now see more downside. Next target 3200.