as per D waves we have got a basket TF4 ( like H4) that will continue for 3 more waves down. The interpretation is that all bull attempts will be overpowered by bears. All bull attempts to be hammered down.
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This is not a financial advice. Make your own research before taking any decision.
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corrective abc of major downward trend.
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last chance for the bears to come join hand as ABC correction is complete. The updates are from D waves system and are not any financial advice,
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Printing 12345 structure within the abc corrective structure. As per D waves a bull trap or wave 5 within abc is expected that will push it for bear SL hunt or bull trap.
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The abc of the 12345 structure within bigger bearish corrective structure need to be big enough to make it ultra bearish.
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big enough means , break of 66k support, will confirm it. On bigger time frame 51k is true as per D wave system. 51k is the corrective abc of higher time frame.
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any breaks lower side than 51k will initiate all time dump on BTC. This is not a Financial advice. Just a test of the D wave system.
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instead of a pennant as shown in chart it went for a wave 3 channel. a break of the channel may prove to be a doomsday for btcusd.
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The first target lower side on lower time frame is 65800.
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Further updates in next post.