BITCOIN: CANDLES SPEAK: 21.03.2021

Today BTC closed in a very bearish way – it technically confirmed the Gravestone Doji of March 20th.

The short term chart that I shared yesterday did not changed. There is a distant possibility to bounce to the area of 59000 before resuming the move down. Should the coin decide to correct directly from here, I would expect a rather sharp decline, following the power of wave iii.

The target area remains the same for now – 53000-47000. However, I tend to think that the wave would end in the lower part of the rectangle.

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