I'm disappointed how you floated like a dead body up yesterday BTC...and you turned around mid way through our TA, but that's ok....I still see our target above...somehow we'll manage to whipsaw some more people and start pulling up soon.
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Macro Bear don't let anyone tell you otherwise...TARGET before further Bear Action South to 5.56k will be $9954 or around 10k. If you see BTC cross 10k It's a suicide mission. Don't end up RIP.
@Sen_Crypto, Ending Diagonals
As the name implies, Ending Diagonals appear as motive waves that terminate the build and development of an existing trend (a larger degree wave). An Ending Diagonal can appear only as motive wave “5” or appear as wave “C” of an “ABC” corrective development.
Being a member of the motive structures (or modes), the five waves of the Ending Diagonals strictly adhere to the primal (overriding) rules of the motive waves. However, the subdivisions of some of these five waves are somewhat different from the subdivisions of all other types of motive structures. Each wave of the five Ending Diagonal waves is subdivided into three waves (i.e. including waves “1”, “3” and “5”). In other words, all its subdivisions are corrective in structure.
TheCryptoChartWhisperer
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@Sen_Crypto, I think the term might be I dirty elliot wave? I just draw what pops into my mind from past bar history or what makes sense to me. I focus more on price action than fundamentals...