BitcoinShort
Drop to 3,600 should create a bear trap
On 4 March 2019 I predicted a rally to 4,000.https://www.tradingview.com/chart/BTCUSD/FMckCeSj-BTC-corrective-rally-is-over-prepare-for-a-dive/ That rally was supposed to complete a corrective wave b up of ii down.
Bitcoin hit 4,045 on 9 March 2019 and since then kept grinding lower. My expectations are unchanged, I expect Bitcoin to drop in a strong scary impulsive fashion to 3,600. That drop would complete a corrective a-b-c structure off the top of wave i up completed at 4,280 on 24 Feb 2019.
That final drop should make a higher low and set a stage for a new rally in wave a of iii targeting 4,580-4,650.
Bitcoin hit 4,045 on 9 March 2019 and since then kept grinding lower. My expectations are unchanged, I expect Bitcoin to drop in a strong scary impulsive fashion to 3,600. That drop would complete a corrective a-b-c structure off the top of wave i up completed at 4,280 on 24 Feb 2019.
That final drop should make a higher low and set a stage for a new rally in wave a of iii targeting 4,580-4,650.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.