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CryptoSlots777
Apr 11, 2021 9:08 AM

BTC Ending triangle Short

Bitcoin / TetherUSBinance

Description


Daily wave counting looks exactly like Bulkowski Ending Diagonal Triangle Elliott Wave Pattern.

This pattern analysis is not a completed.

thepatternsite.com/EWDiagTriangle.html

I'm expecting a throw over so a potential short should be between ~76k and ~70k.
I know that this is a pretty large range but those are the levels where we should watch for bearish signs like Volume Spikes, bearish divergences on daily and lower time frames.

Till then I'm expecting sideways up price action.


RSI on weekly could be forming a new bearish divergence.

Will update this analysis as we go up.

Trade active

Expecting some support between ~45 and ~50k
Comments
Robi_Nitu
great work !
Amirbehboodi
Good Job man
Robi_Nitu
div bull ar fi trebuit sa anuleze pe bear, nu ?
CryptoSlots777
@cryptorobeducates, @cryptorobeducates, if you are referring to the hidden bull div on weekly


I can point out the the same thing happened in 2019
Robi_Nitu
@M0sCraciun, I'm actively trading a short since 61.500, was contemplating if I should prepare a hedge long :)
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