Hello, everyone!
Looks like market maker is looking at my analysis and following exactly. I like such market situation, but it's too offensive when price change it's direction rapidly. Hope this time it will not happen. Now we need more bars to understand what direction BTC will choose.
On the price chart I have two evidences that dump is over. We have the squat bar and bullish reversal one after that. The only one problem: they both are unconfirmed. That's why I am holding my ADA short. Bitcoin now in the wave 3 of any degree. It means that dump should be without any corrections to the target area 1.61 Fibonacci = $25500.
The squat bar can also be printed in the middle of the wave 3. It can give us the target for this wave which is perfectly corresponds to the $25500. Therefore if Bitcoin will invalidate the bullish reversal bar before confirmation, we (bears) are gonna be saved and my scenario is correct. In the opposite case we will see the pump and break of wave structure.
Best regards, Ivan
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