Whales liquidating shorts, but the waves should bring us down

업데이트됨
In the last 50 minutes, whales liquidated about 15 short positions on Okcoin aiming from $7030 to $7130 and shaking the market indecision. I think the B wave is now complete, because the $7072 resistance line was a very strong line recently. I guess retracement for the C wave is here.
노트
The market behaves pretty chaotically in the last days. Many TA's complain that next moves are almost impossible to predict, and whales are playing with the price generating bull traps, bear traps and triggering stop losses.
On this background, transactions volume is continuously decreasing, with only some peaks in FOMO moments.
For the moment it is pretty difficult to say if this C wave will:
a) succeed leading to the $6000 natural target
b) will completely fail and target the uptrend channel top at $7400 or
c) be stopped at the $6600 or $6500 level.
But if it continues to head down, as the 2h chart MACD bearish cross about to happen suggests, if we have the c) scenario that means we are in fact in a ABCDE descending triangle wave. In long term, as there is a big bear flag on the daily chart, that descending triangle would break down to $4100 and this might happen during only a few minutes time. The eventual D wave would be less high than the B wave, so the risk of trading it would be lower higher than a potential reward.
So let's keep an eye on the bottom of the uptrend channel and the $6600 and 6500 levels to see if they hold. If they are broken, we most likely continue down to $6000 (the "a)" scenario).
As I am in short holidays, I will stay out of the market for a few days - I think there will be occasions for better price to buy.
노트
The update is here:

Totally brutal retrace, wave C still there
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