Speculative bull count but failure to reverse here could be the makings of an impulse wave. I'm under the impression that its significantly more probable that we are coming down from here, but this possibility cannot be ruled out. I don't like the looks of it. Very risky trade zone if you aren't in a position from the top or bottom.
Still short and targets are the same. FUD move to the upside trying to provoke fear and uncertainty to short positions. A break of $7,300 is maybe a time to cut and reconsider but until then my target is still $6,800.
Been waiting on this move for a week now and it's finally playing out. Waiting on a move to $6,800-$6,900 to play long. Don't be too trigger happy to open long, entirely possible to extend down to $6,500. Just relax and enjoy the gains on the short, BTC is no where near bullish yet.
The entire market desperately wants to go down but BTC keeps nonsensically trading up 3 waves...then sideways...up 3 waves...sideways...repeat. I don't see any technical point to it just seems like bots grinding away against each other.
I think this is it. In my opinion it looks very corrective. Corrective structure with an expanded flat and 3 waves stopping at a corrective fib = we are headed down. But who knows with BTC so I threw in a bull count that would invalidate it. But I opened a small short ready to enter in long sub $7,000.