Bitcoin technical analysis, daily update: it tried to break 7800, but now what?

Legal disclaimer: I am not a financial advisor, the information here presented is for educational purposes, to foment discussion and help the community...

Hi guys,

Bitcoin 4-hours chart:

Upon reaching 7800, what we could tell is that a retracement is imminent, this movement was not an impulse but part of the correction pattern that I propose here that could be what is happening with bitcoin.

ABC expanded:

Expanded triangles ABCDE pattern:

As it is the personality of waves 4 to have such patterns, flat patterns, it's not uncommon to see such price formation. I wouldn't recommend shorting it now unless you keep a tight stop loss. The patterns aforementioned might be in play, we indeed have more data in order to confirm that it is what is happening right now.

I am short-term neutral/bearish.

This is my daily chart:

My Bitcoin update on YouTube:

30 min update, afternoon:

If you have questions, don't be a stranger, ask me here...if you want to have a chart analyzed, ask me here as well...

Thanks for all the support!

And as always, enjoy your trades!!! :D

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