If we break below $6,500ish level this would confirm a death cross and fake out for BTC that would result to massive cut loss and small take profit level where sentiment will turn into bearish and short orders will be opened borrowing from fewer long positions.
I am withdrawing a WXYXZ count of subwave A zigzag. Basing on Elliott Wave rules, it's not possible to have a triple combo WXYXZ of a zigzag A. Therefor I am considering a 5 count from the drop regardless if it's not looking like a wedge and diagonal but subwaves and rules such as Wave 4 between 1->2 is applied.
I am ready to short BTC using USDT through Snapex and binance as these are the base currencies to hold. Holding BTC from here is risky where you have a decreasing asset dropping in value at the same time shorting gaining more BTC which we don't even always catch tops and bottoms.
I am withdrawing a WXYXZ count of subwave A zigzag. Basing on Elliott Wave rules, it's not possible to have a triple combo WXYXZ of a zigzag A. Therefor I am considering a 5 count from the drop regardless if it's not looking like a wedge and diagonal but subwaves and rules such as Wave 4 between 1->2 is applied.
I am ready to short BTC using USDT through Snapex and binance as these are the base currencies to hold. Holding BTC from here is risky where you have a decreasing asset dropping in value at the same time shorting gaining more BTC which we don't even always catch tops and bottoms.