Hi Elliotticians, BTCUSD is trading bearish on the 30min chart. I labelled a five-move down into a wave 5 of a higher degree, where price can now be ending a sub-wave iv of 5. Sub-wave iv looks like a triangle correction, which means one more leg lower is coming. An impulsive break below the 39285 mark would be a confirmation that a triangle correction is completed, and sub-wave v of 5 underway, targeting 38540 mark, where sub-wave i would equal sub-wave v.
Trade well.
Trade well.