For Bitcoin in the major timeframe we are still in the midst of completing the Flat corrective structure for Major Wave 4. Within that Flat structure we are in its final Leg C. Within that Leg C we are currently in the 5th wave and final bearish move down before major movement to the upside for Wave 5.
On the minor timeframe we seem to be completing Wave 2 in the minor timeframe via a triangle corrective structure. Possibility for a good sell setup as soon as price completes the E Leg of the triangle as indicated on my analysis. After that i believe we will be in Wave 3 to the downside. However if i am wrong i will Cut my losses if price goes above the nearest resistance beside it. I feel its a good risk to reward.
On the minor timeframe we seem to be completing Wave 2 in the minor timeframe via a triangle corrective structure. Possibility for a good sell setup as soon as price completes the E Leg of the triangle as indicated on my analysis. After that i believe we will be in Wave 3 to the downside. However if i am wrong i will Cut my losses if price goes above the nearest resistance beside it. I feel its a good risk to reward.