0-5 Short then Long in BTC

BTC is probably going for a 0-5 pattern. At first I will try to short in the area between 8700 and 8800 for a move down.
I will update with the progress or invalidation.

Order cancelled:

This is setup is now stretched. It doesn't mean that it will not happen.

However, due to the deep retracment, I will revisit the idea later if it approaches the zone.