BTC/USD - We may see bears soon

I think we could see some profit taking today and tomorrow on this pair. We are almost at the 4300 level and the overlapping fib exten BTCUSD sion of the entire daily rise (swing) and the 1st corrective wave extension. I will be looking for shorts if I see a 1.2.3 pattern from this area and the swing low broken with the capitulation. Then I will trade short with confirmation.

Kommentera:

BTC has found the next level of profit take - remember we need to see a change of trend on the lower time frames to confirm the shorts. It's not a blind short and this move could keep going. Be careful.