BitcoinShort
ABC correction-Headed down
Looks like we are headed down. ABC appears to be finished. Could potentially retest $7,400 for an expanded flat, but B looks to be impulsive to the downside and we have broken the trend-line. Very confident that it is highly likely we have a pretty heavy dump, but pay attention to volume. It's worth consideration that this pump appears to be out of the ordinary compared to the trend, we have lost a substantial amount of volume, but volume increased significantly yesterday and appears to be remaining strong. But I wouldn't take this as an indication of us being bullish, rather I think it indicates that we could potentially bottom soon. Possibility of this dump taking us to $5,500, if not, we will be there soon. Safe trading, I'm ready to bottom this thing and take it to the moon.
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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.