Update on Bitcoin: this might be the bottom of the 4th Elliot wave (0.382 retracement) + Shorts vs. Longs

BTC/USD daily chart:

• yesterday we closed exactly at the 0.382 fibonacci retracement from the third Elliot wave and this could be our lowest point for now, before heading towards 10000$
• now we're hovering at the same level around 7000$, hoping to gain some momentum
• as you can see, only red candles can be seen these last days -> manipulation could be the cause

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BTC/USD 4h chart:

• we're following the bearish rectangle for now and it seems that we're heading again towards its top line
• this stairways pattern is not what people were expecting for this time and panic - selling shouldn't be excluded
• the green Kumo has closed and a red one starts to form
• however, the RSI isn't confirming the trend and a bullish divergence is to be seen, meaning that a trend reversal might happen

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Bitcoin SHORTS vs. LONGS

• oddly enough, both the Shorts and the Longs are rising in this period
• people seeing these prices for Bitcoin might think that these are the last days to catch the train

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Thanks for reading and safe trading!

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