thetradinghall

BTC is turning short term neutral

BITMEX:XBTUSD.P   Bitcoin
As suspected yesterday, the last push on BTC was really suspect and occured under weak technical conditions. Today pull back marks according to our wave count the end of a third wave , labelled purple circled iii, and the begining of a sideways to down action. We expect the token to spend a few days under selling pressure. Immediate first downside targets are in the 49-5200 area. The token may even fall as low as 4475 without any dammage to a longer term bullish outlook. Only a break of 3950, spoted as top of wave purple circled i.


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