Rachel_T

BTC: My Ultimate Bearish Scenario

Rachel_T Updated   
BITMEX:XBTUSD.P   Bitcoin
A very "BIG" ABC Zigzag of death with a short term Bull Run (Wave B)
If this starts to play out, and we head up to 10k/12k watch out.. (i'll definitely be covering my longs with shorts at that level.)
Comment:
The "Yellow" Wave A on the "Red" C leg is most likely actually going to be sitting on the 6k trendline to trick bulls into believing its just the end of a corrective wave and we will continue the uptrend.. if i'd thought of this before i'd have updated the chart :D

But oh well.../joyofafterthoughts #hindsight
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.