BTC Short from 11k to 8.5k

2 Tem 2019

Resistances at 11k - 50 and 34 EMA on the 4hr chart, 100 and 200 EMA from the 1hr chart, trendline from the previous 2 highs.

We are probably on an ABC correction, making the 2nd wave (up) at the wave C and going for the 3rd (down) anytime soon.
At 8.5k we have a 0.5 fib from the whole uptrend starting Dec to 14k, going to find support there. Stop at 12.5k or 14k. (13% and 27%). Target at 8.5k, 23%.

2 Tem 2019

Not

Also 0.50 retrace from the 1st wave of wave C at 11k. Wait for a reversal at this area to start the trade.

3 Tem 2019

Not

Trade is probably cancelled. I will consider open it if we close the daily below the trendline again.