Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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A very "BIG" ABC Zigzag of death with a short term Bull Run (Wave B) If this starts to play out, and we head up to 10k/12k watch out.. (i'll definitely be covering my longs with shorts at that level.)
Comment
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The "Yellow" Wave A on the "Red" C leg is most likely actually going to be sitting on the 6k trendline to trick bulls into believing its just the end of a corrective wave and we will continue the uptrend.. if i'd thought of this before i'd have updated the chart :D