Bitcoin has been failing to break above the channel line. The structure looks like a flat correction pattern.
I am expecting Bitcoin to go down to test daily 200MA.
The best case scenario is that the price forms a double bottom at daily 200MA, completing a flat correction, then bounces back. Then it could be a nice long set-up, catching the beginning of wave 3.
For now, I am on short.
I am expecting Bitcoin to go down to test daily 200MA.
The best case scenario is that the price forms a double bottom at daily 200MA, completing a flat correction, then bounces back. Then it could be a nice long set-up, catching the beginning of wave 3.
For now, I am on short.
