BTCUSDT possible wave count from 69k to 15476. Currently the price is in the last wave 5 down .
The price needs to break 25211.32 up in order to confirm the completion of wave 5 and trend change ,otherwise the price will have a high probability to go down and reach the 0.786 or 1 fibo levels .
Usually wave 4 high in an expanding diagonal goes above wave b of 3 but sometimes fails, but it should be longer than wave 2 .
The daily and 4 hour Rsi are extremely overbought and the price is currently below the 200 EMA.
please do your own analysis before trading and zoom in to see the chart clearly.
Invalid on chart
Good LUck
The price needs to break 25211.32 up in order to confirm the completion of wave 5 and trend change ,otherwise the price will have a high probability to go down and reach the 0.786 or 1 fibo levels .
Usually wave 4 high in an expanding diagonal goes above wave b of 3 but sometimes fails, but it should be longer than wave 2 .
The daily and 4 hour Rsi are extremely overbought and the price is currently below the 200 EMA.
please do your own analysis before trading and zoom in to see the chart clearly.
Invalid on chart
Good LUck
Comment:
Warning : A daily bearish outside or engulfing candle , if the low is broken the price will dump quickly.
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