Bitcoin Update

Here's an overview of what I see. I continue believing that we will run down to 8200 levels and probably lower at this point.

If we get in a little closer, you can see details closer up. Approximate targets are on the right highlighted in blue.

I entered a short at the top of wave 2 and will be re-entering a short using the top of wave 2 as a stop loss. Around 9465. Watch for the end of wave 3. This will help determine where to enter a long position. 7600 is becoming more and more of a likelihood. If wave 3 is strong, it could be an even lower target.

All posts and comments are opinions of the author and NOT financial advice. Full chart on Trading View here: https://www.tradingview.com/chart/BTCUSD/9337ukJB-Bitcoin-Update/