ANOTHER BTC ECHO DIP IN THE MAKING This $8349 number looks like the beginning of a large wave 4 sideways move. If so, expect a $400 - $450 sell off back down to $7750 in the next few hours.
If it is just a wave 4 correction, expect near $7750 low to be a great buying opportunity for the final 5th wave to take us back up toward $8750 - $8600. From there I will look for a more meaningful top.
Breaks of 7750 would indicate that $8349 was THE top. I don't think that is the case, but keep that in mind. If you choose to go long. Dont stick around on breaks of $7750.
Pm me with questions. Thanks and Good luck!
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Short entered. But already looks stronger than anticipated. Stops at 8323.
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Well were short. But the market is not falling. Not falling is not good. Stops - updated to lowered $13 to $8310 Risk - $50 Next update - $8158
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Cover to Close trade at a small $20 loss. $8277
The market is not rolling over. So it must want to move higher.
I will wait for higher prices. But standing to the side for now.