BTCUSDT 5th wave downward of an ending diagonal
Actualizado
According to my wave count, BTCUSDT is finishing an 5th wave expanded in an ending diagonal to complete wave 5 of the actual bearish impulsive wave of this cyclical bear market.
Operación activa
Daily LSMA resistance plus AVWAP from peak of wave (ii) of this ending diagonal. Technicals: serious divergences on Commodity Channel Index and Chaikin Money Flow. Operación activa
I have updated my chart. On this updated 15m you can that BTCUSDT price action is about to extend the impulsive wave inner the corrective wave-A as showed on these previous 1D wave count. On daily chart, the higher peak appears to be a classical bull-trap formation and the price action in hourly time-frame was made a diamond, thus price finally ignited a downtrend, in which we're in a corrective wave-A, which structure is a impulsive wave that is now extending for a new impulsive bearish to reach the potential neckline level. Nota
That's the diamond formation in which the price throw-over shaking up and down, trapping bears and bulls. 
Nota
Nota
Operación activa
Operación activa
Nota
Nota
Nota
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.