Volume showing market participants are continuing interest in selling off BTC with no signs of slowing down till what I think will be 8500-8800. We are currently in a wave 3 within a larger ABC correction, but here is how I am daytrading it. Once I get that 78.6 / channel bounce then I will try for a short term long position. RSI way oversold, and you can't time the bottom but I am looking for 9800 area for a buy for a short term gain. Overall I am bearish now on BTC.
Note
I meant wave 3 of a 5 impulse down* anyways, you see the chart lmaoTrade active
Got in at 9904 due to time constraints, but still pleased with entry as my target of 10,300 is still in play. Once that is hit I will be waiting in fiat for $9150 to buy in for a swing to 10,600. Here is my current trade, the chart is still in play: Trade active
Target hit of 10,300 for a 4% gain. Great and easy trade. I now am in fiat 100% waiting for a wave 5 to 9150 area. I think volume shows buyers not interested in this price as we have declining volume and rising price on the 4hr. So maybe that is enough to get that wave 5 to 9150. We will see. 
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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.