Bitcoin dropped almost 2% after our bold short call. We closed our short position earlier this morning with a net gain of 193%. Pretty nice though! How much money did you gain during this retrace? But okay, enough about that. Let's get down to business!
We can count a new ABC pattern so we think that Bitcoin can retrace again any moment from now. We placed our stop above the 161.8% fib which lies around $3817. Let's go!