ElliottWavePredictions

Corrective profit taking

Corto
BITMEX:XBTUSD.P   Bitcoin
Movement up toward 9.37-9.48 for a nice dead cat bounce. Congrats if you caught my last post!

I had some ask about what a bear flag was.. if anyone ever doesn't understand the things i post, make sure you ask about it, I am always open to teach.

warning: this is only a prediction, I suggest to not long any sort of dead cat bounces, as they are sometimes hard to catch. Instead, shorting the corrective wave's divergences into another impulse wave is much more profitable.

Keep in mind that we are still in a negative histogram.

Try to short into strength below the current low, stop sell and cancel if u are able to catch the corrective wave.

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