BTC - Update [ ]
-Timeframe: 8h-
Here's a little bit clearer chart with the short term bullish outplay followed with the last pre-halving crash.
BTC is pure gamble shorting or longing here as we'll be seeing 10% move up or down by mid or end of the month.
I think the amount of people shorting here is crazy, this could trigger last short squeeze up to 29.8k - 30.2k where I'll be looking to heavily short.
This will complete C correction on shorter timeframes and would form perfect right shoulder on higher timeframes and B wave where we would prepare for the Pre-halving capitulation down to $20k and before any start of the mid term bull market.
BTC keeps consolidating below 200DMA & 200WMA, reclaim of it will trigger short liquidations and many long openings right near the top of this rally, i don't see anything bullish and i believe crash comes later this month or in November.
Anyway Alts keeps making new lows as been telling for many months, and we'll be ready for the final capitulation and to fill all spot orders and finish the accumulation phase.
Invalidation above: $32.4k
