ShadesTrades

ShadesTrades

Bitcoin seems to be making a complex WXY corrective pattern and should head down to 32.6-33.6k in the near future. If the bulls can find support there, they may begin a move up to 37-38k next. If they can't, we'll have to see how the action develops to discern how low bears intend to push it.

ShadesTrades

Main expectation is still to hit 26.2-26.8k at a minimum (possibly has high as 28k with an extension) - this is the main expectation as long as BTC is above 23.3k. If BTC sustains below 23.3k before hitting that 26k level, then we are likely revisiting the low 20ks, or possibly sub 20k, before attempting to break upwards again, although more bearish scenarios...