$BTC The Dreaded Update...
Now that we've completed wave B, we can see that we made a new high = can't be a 535 flat and so this 335 Flat correction appears to fit this bearish scenario.
We are expecting 5 waves down for Wave C. The best place to enter Shorts would be once we make the wave 2 correction. We'll have a tight invalidation level present and have incredible room to drop, allowing us a big risk to reward ratio.
Our bearish scenario invalidation level sits at around 74k. We'll remain bearish as long as we stay below that level. Always DYOR.
Now that we've completed wave B, we can see that we made a new high = can't be a 535 flat and so this 335 Flat correction appears to fit this bearish scenario.
We are expecting 5 waves down for Wave C. The best place to enter Shorts would be once we make the wave 2 correction. We'll have a tight invalidation level present and have incredible room to drop, allowing us a big risk to reward ratio.
Our bearish scenario invalidation level sits at around 74k. We'll remain bearish as long as we stay below that level. Always DYOR.