UPDATE: If there is no high above 3956$ again, this would be the chance for the bears to get rollin'... I see a chance for 120$ down over night.
Will be commenting again in the morning.
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Will be commenting again in the morning.
Morning update: shorts are in profit, SL 3934. I expect an awesome drop today. Good luck everyone.
QUICK UPDATE: The count is still valid. There could be one more high to complete the 5 of 5 at 4000 but it is not required anymore. We will see soon
DROP might have started. I am buying shorts as high as I can get them. Last position was stopped out this morning. SL now 3972$
Morning Update: I don't think this is going to work out. I reduced the short to half. Think it will be stopped out soon. Will have to reevalueate in the evening. The bulls are keeping BTC above the trendline, which is bullish...
Very difficult phase right now. Everything is still looking fine. But if BTC rises over night I will have to reconsider. But for now it looks like small wave one and wave two should lead us down overnight. SL remains 3972. Will only be a small loss if it fails.