As of now the BTC has moved in a very predictable manner. Look at the channel . Market actually held the 53** levels which was very important. It did bounce but bounce wasn't strong enough to go long.
Even though- 4 HR TF looks oversold and ready for a bounce- we could see a potential quick drop to previous support 51** levels . I would only go long if this channel breaks and also the pink line which works as a buffer layer . Don't get to excited to go long as people now have again started drawing rockets- Market doesn't work that way.
I still definitely believe we have more downside to see than upside but i am ready for wave B based on if that unfolds with the target of 59** levels.
If you are a daytrader- you can open a quick short at 5350-60 for 5130 as a target for a potential $200 move.( It's risky FYI)
overall on Larger TF= we are still .
Questions are welcome
This is the new trade which i just posted