BTC - Possible reversal - early indications look impulsive

GEMINI:BTCUSD   Bitcoin / U.S. Dollar
Here's my initial look off yesterday's low. I'm looking for this 5 wave pattern to play out in somewhat as shown on the chart. However, the low must remain intact. Let's see how it plays out over the coming hours / days.
Comment: Need to be moving higher soon, been here too long, thus, we could go lower!! Just a thought, but a reversal is usually always an impulsive move to the upside, and this is starting to have lost its momentum, just a thought, and something to be aware of.
Comment: Another updated chart, shows the lines at both the 50% & 61.8% with red arrows, this is the area we need to be pushing up through.
Comment: Too choppy, no position here, as price is likely to move lower.
Trade active: Just opened long on BTC at 5132, target $7000+
Comment: Will update chart once wave iii is complete
Comment: btc looks very weak right now, no open position, this could slice lower once the sp cash market opens
Comment: BTC now heading much lower, should take out the previous low. I'm looking to perhaps take a long trade off the 3200 zone, i'd expect to se some sort of bounce of that area, but i'll first see how the price action unfolds, as it could go a lot lower. I plan to have a buy order set around the 1250/1000 as well, you never know if they head right to a near bottom.
Comment: I'm currently flat with no position here.


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