Rebound complete, BTC to resume downtrend. Target sub 260
The retracement from the 255 low seems to be completing at the moment, an ABC correction should be expected at this point. After this, we will resume the decline towards sub 260 prices to retest the lower trendline of the big descending wedge.
After the first corrective leg down (correctionA) there will be a correction to about 50% of the fall, this should put the top of wave B at around 292, which presents a nice opportunity to open (leveraged) shorts...
Good luck to all!
After the first corrective leg down (correctionA) there will be a correction to about 50% of the fall, this should put the top of wave B at around 292, which presents a nice opportunity to open (leveraged) shorts...
Good luck to all!
Penafian
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