Short

Bitcoin is starting a 20% crash. Sell/Short now

Updated

Bitcoin is starting a major downtrend. We have a bearish flag that is ready for a breakdown. Bullish flags are probably the most powerful patterns, and after a breakdown, a massive dump follows, especially on Bitcoin. Bitcoin got rejected from the Fair Value GAP on the daily chart. These gaps are always a strong support or resistance, so pay attention to them. From the Elliott Wave perspective, we have finished the wave (X), and we are ready for a final dump, which can be steep and strong. Where to buy bitcoin? To answer this question, we need to take the Fibonacci extension tool and measure the 1:1 extension, which is a common retracement for a corrective wave.

Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.

Note

The bearish flag is currently breaking down after yesterday's FOMC meeting. The bearish flag is confirmed, so expect a continuation of the downtrend.

Note

The price of Bitcoin is going sideways, but expect a crash. My analysis is valid.

Note

A pre-halving dump is something we need to be aware of.

Xanrox

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