XBTUSD: Alternative Bearish Ascending Triangle Elliot wave count
1. the large rejection a few days ago implies we are still in a bear market.
2. being squeezed, so a move either way is imminent.
3. divergence on the E wave.
4. momentum has been weak in the past 2 days.
5. Target: the next support point.
18 minutes ago
Comment: target: 6260
This is my Alternative count, since there is still space to move within that acending triangle. We ignore the initial wick in our count.