BitcoinShort
BTC Short
First of as a note I do not use margin when trading cryptos and I also do not short. This is just technical analysis, and why I do not have position in BTC. We are currently in wave B of corrective ABC wave after completion of Elliot Impulse 5 wave series. We broke the top of the previous channel via over-performance. I expect more upside to this B wave with a top retesting the top of the channel(7000) before C wave begins. Upon completion of C wave, I expect us to be 5,100 to 4,600 although we must be careful of overperformance and panic as well. I am looking to buy in the green channel.
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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.