$BTC ideas
Here is my current 
BTC setup:
-Red line is max pain worst bearish scenario where this run up to 48k has just been a retracement of the counter trend. Although it may be unlikely, This idea has enough evidence for me to not draw it out. For instance: the bearish volume divergence, 48k being close to the 618fib retracement level from the range 64k->29k, The red Elliott wave pattern shown, some bearish news etc.
-Black line is what I believe to be the most probable, a little relief today up to the 46k sort of range then a fall to 42-43k sort of range then continuation up to the low 50k area which would finish off the EW impulse wave shown before a correction. If we surpass the high 40k's this would confirm a bull confidently for me as long as overall economic conditions allow.
This doesn't mean I'm not already bullish. Just bullish with caution.
BTC setup: -Red line is max pain worst bearish scenario where this run up to 48k has just been a retracement of the counter trend. Although it may be unlikely, This idea has enough evidence for me to not draw it out. For instance: the bearish volume divergence, 48k being close to the 618fib retracement level from the range 64k->29k, The red Elliott wave pattern shown, some bearish news etc.
-Black line is what I believe to be the most probable, a little relief today up to the 46k sort of range then a fall to 42-43k sort of range then continuation up to the low 50k area which would finish off the EW impulse wave shown before a correction. If we surpass the high 40k's this would confirm a bull confidently for me as long as overall economic conditions allow.
This doesn't mean I'm not already bullish. Just bullish with caution.
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