Heineken-Ashi said:
BTC - Completed ending diagonal to finish a 3-wave corrective bounce. ED's tend to reverse to their point of origin quickly. It can do that and and possibly hold. But it's not a bullish start. At best, it would lead to lots more choppy overlap over the coming months, maybe even halfway through the year. But also a good chance it leads to new lows. Either way, I'm trading the reversal to $85k using IBIT like I posted about this morning. If the move down is not impulsive, I'll sell at bullish support and still collect some profit. I could maybe give it to $100k as sort of a blowoff of the current move. But through that and I'm wrong about the current pattern.
Important spot here if it wants any hope of not at least seeing $85k again
