We are looking for Bitcoin to potentially get to this level before looking for any signs of weakness in price. If no signs present themselves we look again for the previous top of the pattern before looking for another selling opportunity.
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We could currently being getting one of the following outcomes. Monitor price action to see if it is corrective or impulsive.
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We have gotten the first aspect of our correction. We are now looking for a move that is similar to this.
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Continue Selling this pair until it gets to the bottom trendline or provides a bullish impulse. Updates will be provided.
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We are looking for another corrective pattern to enter the market for another sell.
Hopefully, we have traders who got in on the sell prior.
Hopefully, we have traders who got in on the sell prior.