bitcoin will remain bullish for long term IF it can hold 4800
-according to Elliot it can be 5 wave impulse and 5th must be completed
-according to fractals we will have at least 3 years uptrend
stop lose= close weakly below 4800
end of 2020: 20000
end of 2021: above 100000
Bearish scenario(low possibility)
it can be a big ABC wave...
here i counted EW from primary to minuette. already we are in wave 4 of primary wave and Corrective Waves of minor
some information about wave 4:
At the end of wave 4, more buying sets in and prices start to rally again. Wave four is typically clearly corrective. Prices may meander sideways for an extended period, and wave four typically retraces...
this is fractal and some patterns that can help us to decide what to do + me personal trade setup that if you like you also can use
generally i think btc will dump hard from here or 4200 area ( if will not break out 4200..)
just look at bear flag and fractal and some indicators like RSI and StochRSI and... there are some sign of dump. so i have a plan for it if...