Hey guys welcome to short term Bitcoin update, now before moving forward you need to consider this situation that weekend price movements are like suspicious activity coz big money and pro traders dont trade at this time and prices could easily manipulated due to low volume, and am not long from this level, even if you'll look at my "same old pattern" series, ive been bearish and my initial targets are below 8000, but am expecting a rally from here to go above 10k which could give us another opportunity lo load our bags from more shorts.
so confirming this point again that am not opening any longs from, but i do expect a pump to load more shorts from coming rally. so without stretching this so much lets dive into the charts and have a look.
from above charts you'll see that wave C has almost 5 major retracement zones
R1 10150 (weak)
R2 10340 100% of wave A (medium)
R3 10475 fib618 (strong)
R4 10530 127.2% of wave A (strong)
R5 10610 138.2% of wave A (very strong)
not taking any long positions coz already short call is active and prices could start to dump from any level, if you've not checked my "Same old Pattern", series do check it out its last version given below. thankyou
so confirming this point again that am not opening any longs from, but i do expect a pump to load more shorts from coming rally. so without stretching this so much lets dive into the charts and have a look.
from above charts you'll see that wave C has almost 5 major retracement zones
R1 10150 (weak)
R2 10340 100% of wave A (medium)
R3 10475 fib618 (strong)
R4 10530 127.2% of wave A (strong)
R5 10610 138.2% of wave A (very strong)
not taking any long positions coz already short call is active and prices could start to dump from any level, if you've not checked my "Same old Pattern", series do check it out its last version given below. thankyou
