BTC 2021 price correction

מעודכן
It seems BTC is following an ABC correction similar to the crash after 20k. Lets see if it plays out
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Skinny red lines are short term trend lines im using to guide movement.
Solid Red line is the triangle drawn using the 4H time frame.
dotted white line is a potential top of triangle using the 1-3d timeframe
Thick white dash lines are triangle using the weekly time frame
skinny dashed white line is downward channel from 58k

Idea:
Looks like the 31k crop brought us to the bottom of the 1week triangle, a bear trap fakeout from our 4H triangle similar to the bull trap previously. We now had a run that brought us to the top of our 4H triangle which also lined up with the down trend channel from 58k. I am expecting the skinny red dotted trend line to be a potential trajectory down to retest the weekly (large white dashed) triangle line. A bullish break is still possible to reach the top of the weekly triangle but I think the wick to 37k might be the top, I am short from 36650 after taking profits at 31.5k previously
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תמונת-בזק


fakeout to bullish side, now back in the triangle and rejected at the top. possible wave count brings us to 12k
Bitcoin (Cryptocurrency)BTCBTCUSDBTCUSDTChart PatternscryptoCryptocurrencylong-termshortTrend AnalysisWave Analysis

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