It’s difficult to predict the local price swings, but my global scenario is playing out perfectly. After insane short setup price is dumping and there were no any global long signals. I accumulate the positions because believe that next 2-3 months Bitcoin will reach $30k.
We have to be very patient because insane long trade will be very soon and I am going to catch the very bottom as I did at the very top ($25k). If we draw the Fibonacci extension from the start of the previous downside impulse to the end of the relief rally we will obtain the target area where purchases are very safe. The divergence on the Awesome oscillator is also going to happen when the BTC set new lower low.
Best regards, Ivan