BITCOIN: Rally Continuation to the downside

As expected price retraced all the way back to where it all started after the impulsive breakout of the long term rising wedge. A potential sell opportunity is being printed at the moment, the signal is already printed and its quite accurate :) but we need that yellow line to be broken impulsively to the downside to confirm the sell signal. If price got rejected , then expect price to go back and retest 48000. If it does break then most likely price will drop sharply back to 42000 as the first target.

Good luck and trade safe :)