A few hours after that chart, the price declined heavily downwards which gave us an important profit. So I was watching support levels and Waves behaviour and I´m still convinced that this is either an or a diagonal 3-3-3-3-3 that has already started, and the odds step by step are going into the diagonal side.
As you can see in the top chart, we haven´t made a 1-5 move down from the last top touch, we did an . If we were making an , the whole move down to the base of the triangle it should be an , made of 1 impulsive wave (1-5) 1 corrective wave ( ) and 1 impulsive wave (1-5). What we have done is 1 and 1 . That´s a diagonal 3-3-3-3-3 behaviour, so the bottom chart is the one that is getting more value in the current scenario.
How to trade this mess? There is big resistance in BTC at 4040-4080 and 149 in ETH. So what I´m going to do is entering at 4025 BTC and 142 ETH, with SL in BTC at 4100 and 149 ETH both positions risking 5% of my trading capital.
If the bulls are able to break that resistance and push the price in BTC above 4250 within the next wave, then that move is CHANGING the market dramatically and things will turn . But under EW perspective, that´s not possible, and the strength and is decreasing again, so I really don´t think is gonna happen.
Let me know what you guys think and leave your comments down below :)
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