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markrivest
Aug 25, 2021 2:29 AM

Bearish Elliott Wave Count Short

Bitcoin / U.S. DollarFOREX.com

Description

BTCUSD has rallied to just below a .618 retrace of the last decline.
RSI + MA has a double bearish divergence, Stochastic has a bearish crossover.
If the Elliott wave count is correct it implies a decline back to at least the 2021 low.

Mark
Comments
Captainobvious5454
i agree that the market will correct, but i think it will beartrap you in the middle.. this is not 2017 rerun, this is the correction of the second bullish wave.
ImminentDebacle
@Captainobvious5454 How low then? 35?
suvny21
nice,have same idea
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