Hello, everyone!
Yesterday I opened short trade📉 at $28100 at the bearish divergent squat bar. After that Bitcoin is showing local decrease. Market maker makes us nervous with this slow dump with the whipsaw, but I have a strong intention to hold this short.
To define target for this trade let's notice that the 5 waves cycle has been ended and now we anticipate the corrective move. I found that 0.5 Fibonacci retracement level perfectly coinsided with the lower degree wave 4. Therefore this level at $24300📈 is the super strong support, where I am going to close short and re-enter long trade. This is the safe potential purchases.
Best regards, Ivan
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