Back to the channel: Awaiting elliott wave 3

I expect bitcoin to fall back into its previous descending channel. Short btc from level 6900 to 7000 with stoploss placed above 7100. Target are the 6200-6300 zones.

This trades offers high risk-rewards ratio of above 4.

Confirmation of the set-up would be on breakdown of the bear flag pattern below the 6800 with close of the 4 hours.