volkergu

BTCUSD - Trying to make sense

Short
BITFINEX:BTCUSD   Bitcoin
If my count is halfway correct, then we should retrace to the 0.65 level. The bear flag gives a similar target. I don't like the relatively low retracement of wave 2 and 4, but for this scenario I cannot find a better fit than the extended 3rd wave. RSI still downtrending. Obviously this is one of the bull scenarios. There is still the main bear scenario that we are in the C-wave and going considerably further down.
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