Bitcoin may have started wave C of this expanded flat correction.

By Danbo | Crypto Trading TA | 19 Jun 2019

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This is my current count. Bear Bias for the moment. Reasoning: We have diminishing volume and OBV has stalled since mid May and is currently divergent. 

 

Not on my chart: Wave B over extended Wave A @ 1.236 ratio. I expect to see sub 8000 before we see 10k. 8400 is a short term target. 

 

This is the bear scenario. If you have a bull scenario, feel free to input your own comments. 

 

Cheers! 

Crypto

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Danbo
Danbo

Crypto Trading TA
Crypto Trading TA

Dedicated to Technical Analysis. Using EMA, Fibonacci and Elliot Wave mainly.

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