Bitcoin Elliot wave analysis - short bitcoin with target 37K
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I Think BTC is in a C wave of a corrective wave with a target around 37150 $. The first corrective wave consisted of a 5 subwaves. then the B wave had 3 subwaves , and now its in the start of the 3rd wave of a 5 wave C wave , which its drop will be sharp again. the stop for this sell will be in case that price goes above B of 52000 again. current price is around 48k so the reward/risk ratio is 11000/4000 around 2.5:1 which seems fine. take care with long position guys...