Aussie-scalper

5 wave bear trend still "INTACT !" don't think its going moon

Short
BINANCE:BTCUSDT   Bitcoin / TetherUS

This is a fairly mundane simple 5 wave correction in play - bears in control, every rally not going anywhere near the 40 day downtrending moving average!
If you want to fill you bags lower then WAIT......It iwll go to about 25 K to terminate wave 3 down probably, then it will complex wave 4 in a range
between 25K - 38 K for a while like 2-4 weeks,
then a final capitualation hard sell - off to END the SEVERE correction to under 20K like about 17 K and spike so wont be there long and poke right back into low to mid 20's.
Accumulation for those who are more conservative should start happening here in ALTS if committed already and want to average down prices.....

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.