If you do not know how wave theory works this example probably becomes a route for you to start learning a bit more about structural trading. Bitcoin
is at the point where it is going to turn around and make a bigger correction. On the 4 hour chart, it made a small impulse down which could give you an earlier selling opportunity.
All charts work with impulses and corrections
All charts have structures inside structures like a russian matryoshka. And they always look the same.