meghal.jani
Short

impulse and divergence

BITFINEX:BTCUSD   Bitcoin / Dollar
184 1 2
The price action has completed five wave impulse with a divergent fifth wave. I would wait for at least 38% retracement before opening a new long position.
I agreed with your post earlier but just realsied I'd got too focused on the local timeframe...zoomed out I found my count form a couple of days ago...this may be why we are heading upwards again:
snapshot
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