Short

Bitcoin Bearish for 2 months down to $5100?

Updated

I know I should have posted this days ago... on twitter I have a post the day before saying prepare for a drop.
This is my estimate for the next 2 months

Note

Current Estimate (Still thinking Flat - Any Three - Zig Zag like I have been saying since July

Note

There is a chance we get pushed down by the 20 EMA on the Daily around the 23.6% Fib level at 8450ish.
If we break above that level then I think we will finish C leg of Zig Zag at $8900
Then I hope to short all the way down to 5k

Note

I ment to say D leg of Zig Zag

Note

Current Estimate

Note

There is a chance I was mistaken
Alternate estimate

Note

Another Estimate, trying to see all possible wave counts and see which seems to fit best to rules / guidelines

Note

Going pretty well.
Bitcoin testing Deep River territory

KondrackiKarl

Also on:

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.