First, Bitcoin is going to drop to 21833 or even a little bit lower at the start of the week, probably Monday or Tuesday. After that, we should see a massive pump to the upside to fill the previous unfilled GAP, which is around 23395.
The bulls should step in at around 21833 because, technically, we will finish the ABC correction from the Elliott Wave perspective. Also, we will close the previous GAP.
Don't get caught with your shorts in this white trendline. I can see this trendline everywhere on social media. If you enter a short, you will get REKT.
This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately.
I am bearish on Bitcoin overall, and I think we are going to reach 17k-18k before a massive bull market takes us to a new all time high.
If you want more of these short-term analyses on Bitcoin, hit the like right now so I can see if you are also interested in the short-term periods.
The whole crypto market is going to go down, including ETH and XRP. Only a few stronger coins will keep pumping.
Thank you, and do not forget to leave a comment if you trade these short-term moves!
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