Despite I am waiting for the local pump to $29600 at least, in general Bitcoin is in huge danger. It seems like price has almost finished the wave 4 represented as a complex correction.
Look at the wave A it consists on a lot of ugly overlapping waves. It means that it's just a zigzag ABC correction. Wave B can seems like the wave 5, but also look at this wave. Waves A and B inside it are so ugly. Only wave C looks like the beautiful impulse. Waves C usually are very beautiful, consists of 5 waves.
The last wave C inside wave 4 has also the beautiful structure. The wave 5 is about to be finished. It means that we have the way down to the $12k at least. I know that will face with a lot of hate after this analysis, but this is now my point of view and I am looking for the short trade of all my life.
Best regards, Ivan
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