We still don't know where does bitcoin gonna go ;)
We were moving up fast, but haven't broken and now we bounced off the upper line.
What next? I think that we are facing the ABCDE correction, and here comes wave E. So if i'm right, we need to fall down within the yellow, .
Where will we stop then? I marked possible supports as and support lines. Support lines should be stronger, but when we were falling before (wave C) we were bouncing off the . This time may be different because we have formed two strong support lines. Anyway, trying to draw correction there might be not enough room to retrace within the support lines. That is why i think we may bounce off the . If so i see the bottom at ~4k.
On the other hand still the scenario from my previous TA, that bitcoin is touching lower border of at 3,5k is possible. There is the place where cloned correction from previous wave C points .
And please remember - this information is not a recommendation to start a short position. It's for educational purposes only.
Share with me your thoughts please :)