$BTCUSD counter trend structure completion in next few days
Bitcoin / U.S. dollarBitstamp
Description
⋅ NOT FINANCIAL ADVICE
Structure is forming a very nice counter trending zigzag (5-3-5) formation; wave (4) aka waves ABC.
Currently wave C underway, and we're expecting further impulsive waves to the downside, coupled with some strong divergence signal.
If signal is found AND price touches the region between 25.8k to 26.2k, then we can safely say waves ABC, aka wave (4) achieved.
Until then, we play the waiting game and continue to be patient.
This publish is an update to this previous publish that promoted the rally as a bear-market-rally: