from a bear outlook is an an ABCDE diagonal pattern. IF correct BTC
will find some deep new lows. I am not ready to throw in the towel on a continuation of the bullish trend
but I must say the MACD
are pointing lower. Why do the MACD
continuing to suggest we go lower today matter to postulate the bear view? Because if we are doing a corrective wave before a return to bull trend and BTC
moves very much lower from here it is going to invalidate Fibonacci counts for a minor wave 4 or a wave 5 correction. Keeping a stop tight and waiting to see at this point is the best option if long and if a bear probably you are feeling pretty convinced. Lets see what today brings there is lots of room below to short this if the bears are correct.