cryptowaveman

Bitcoin - closed 70% of shorts

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INDEX:BTCUSD   Bitcoin
Bitcoin and market in general struggling. Looks like a falling knife and hard to call a bottom at this area. 19.5-20k looking more likely but I've closed a majority of what I was shorting and planning to close the rest around 20k. Still biased to the short but expect some kind of bump up.

larger degree move down for an A wave finish ~12.5 with good move B up and then more pain with a C down is still possible.

Turn more bullish if we get 5 waves up in a larger degree move (back in the 30k area)

not financial advice

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