Hello crytpoheads, how are you all doing today? There were sharp falls as expected today, as BTC -1.07% retraces the massive wave 3. A higher high of $9060 was posted before subsiding. The good news is the retracement wont be expected to go deep, because wave 2 was very deep. For the sophisticated trader there is good opportunities coming up in the next few days. At this stage I am sitting in fiat after selling at the $8750. Should it slide down to the low $8000s I will be ready to enter a position. The momentum on the stochastic and the RSI is heading downwards on the 4 hr -1.29% chart suggesting further lows from here. The bounce up is expected toward the end of next week. The dance around such an important resistance line will be hard to pick of course an alternate count would have BTC -1.07% bounce of the ATH -0.02% resistance line and continue up to the next fib level at $9200. That is a real possibility as well. For now I am bullish based on the bigger wave formations. Also looking like a inverse head and shoulders forming on the 4 hr -1.29% chart and should keep an eye on that. I will be looking at all possible entry points to trade and buy the dips. Thank you for your time!
