BTC Short Bounce Coming Soon

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BTC is about to complete a five wave impulse down. It is only missing the last two subwaves. I guessing that wave 5 will reach the bottom of parallel channel around 8200. After five waves, there is a correction. I simply took the 0.382 and 0.618 Fibonacci Retracement.


Trade 1 (short):
Open: 8440
Stop: 8550
Target: 8250
Time Frame: within a day

Trade 2 (Long)
Open: 8250
Stop: 8120
Target: 8580
Time Frame: 1-2 days

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