BTC - complete 5 bear wave before breaking out of trendline

The 5th wave should retest the long run support (green line) breached by the 3rd wave.

March bear, April bull.

Kommentera:

First target reached at the yellow support line. I strongly expect the price to go lower into lower 7000s (even high 6000s), but now would be good place to set stops / take some profit.

Kommentera:

White support line* not yellow in the previous comment.

Kommentera:

Maintain short. Have not seen a capitulation in prices or retest of the lows yet. The white support moving average has been breached.