Current price action is very slow, confusing, BUT finally I spotted it - ugly, but very valid triangle. If I consider huge amount of longs on bitmex, bearish triangle (4 wave from current top) is IMHO more probable. On the other hand, if triangle break upwards, we would probably see FOMO at 9000, BUT this should be final target of bullish triangle (as a wave B in ABC upwards correction).
So be prepared for both scenarios, I am quite confident, that one of those two will happen.
So be prepared for both scenarios, I am quite confident, that one of those two will happen.
Comment:
New update:
So in the end, I can see one last valid count - ABC correction, wave "A" has same height as "C" (so far). So if I am right price should drop at this moment towards 8200-8300 levels and current TOP is set.
But hey, we are in crypto, whales are dumping and pumping, however this scenario is IMHO now the most probable one :)