It would be a pull back relief to 80 84 cents before heading down to 40cents to complete the cycle. Strategy: DCA when it creates higher low from this areas and sell around 80 84cents. Another DCA around 40cents and full get out when you see 3 waves pull back to 50% Fib level
BTC Weekly Successfully retest the long-term descending trend line is the confirmation for the break. The bull should step in ASAP to reclaim the 12000 areas for further upside. Otherwise, a wick into MA50 is feasible in the next few days. Strategy: set a buy limit around 9400 with SL below 9350
Scenario 1: Green: BTC runs a 4th of a C, this means further downside Red: BTC runs a first leg of a B Trade setup: Short 10650 SL 10880 TP 10200 10000 9320 (watch out for ending diagonal 5th) Long 9320 9100 SL 9000 TP 11500 12000