Market structures look like we are about to reach potential end of possible ABC move on BTC. Series of bearish signal starting to show up on the chart such as Bearish divergence, spotted 3-drive reversal pattern as well with Adam and Eve target been achieved all these signal a strong reversal or a potential retracement incoming.
The core trading ideas will be to focus on all the support level as all are potential Long entry for scalping purpose till we are sure of the next BTC move.
Two things are possible either we have correction and market continue its bullish way or we go another 5 wave down from here.
The post will be timely update as market develop.
TRADE IDEA:
I will look to Long BTC in the range of 5000-5155$ with tight stop loss and aim at 5725-5800$.