We are still waiting patiently for that pullback to happen soon (much delayed) and if it is just a normal pullback then we should expect BTC to get support at $9100 before moving on to wave 5. But if it goes below $9100, it will test 8k and lower in a impulse wave 12345 pattern that puts us firmly in a bear market. Either way, its a good short opportunity here for both the mid & long term. That is, provided that BTC does not surprise the market and break above $12,000 to clear sentiment.
Tip Jar for fun
I believe all of you should already be in profit from your short, but remember not to be greedy. And to also move your stop loss down in order to secure profits =) Good luck & Enjoy the rest of the ride down! This has been a tough fight for the bears, good job!
The pivot point has been upgraded to $9300 and we want to see if price gets supported there.
I noticed the 10.5k bounce reached the 0.5fib...
I think I sort of have it figured out how to work the supports (previous resistances become supports, plus fibs come into play)...
Also I have started reading Ramkin... is that a book you would recommend? Or you recommend something else...
Do you think Im on the right track with this chart? .