Bull Party is Almost Finished

After the roller coaster ride, the Bull party is in their ending stages now, I am expecting the bears to take over from here.

Everything is explained in the chart, currently following my Bearish Flag structure on BTC which i drew last week. I am aware that we broke up from major trendline resistance today and all the bullish scenarios currently possible, but i prefer to stay on bearish side for now.

In case we break above 23k and hold that area, I will assume that my current wave count is wrong.

評論:

So far the trade is going good. Bulls still have the opportunity to push prices upward. As there is a strong demand zone present in the area mentioned in the chart below.

Loosing this range can cause deeper dive towards early 10ks.