Bitcoin is about to crash!

Hello, my friends!

The largest Bitcoin bear is here. Today I found the Elliott wave formation which gave me the high confidence that BTC will dump hardly next couple on days.

Let’s take a look at the 1h time frame BTCUSDT chart of the WhiteBit exchange. Here I am going to show you the local sub wave 3. It consists of the 5 waves. Wave 2 was represented as the triangle correction – rare situation, but it has happened. Wave 4 was the ordinary zigzag which has been ended at 0.5 Fibonacci and now the price finished the wave 5 inside wave 3.

The overall pump as I suppose is not over, but it’s almost done. I think we will not earn a lot of money opening long trades. Wave 4 of higher degree have the target area next to the wave 4 end of the lower degree. Let’s notice that it perfectly coincides with the 0.38-0.5 Fibonacci retracement of the entire wave 3. It gave me high confidence that my interpretation of the market’s underlying structure is correct. Anyway I am holding my short from $17080, now I am in small loss and is going to wait for at least $15600 to partially take profit.

Best regards, Ivan

Trade on WhiteBIT! Use this link to register and receive 40% of trading commissions from your invited users!

Invest in crypto easily and safely with skyrex.io

Dashboard: https://skyrex.io/login
Telegram: https://t.me/skyrexchat