XBTUSD: Bearish ascending triangle using elliot wave theory

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
1. the large rejection a few days ago implies we are still in a bear market.
2. MACD being squeezed, so a move either way is imminent.
3. Bearish divergence on the E wave.
4. Bullish momentum has been weak in the past 2 days.
5. Target: the next support point.
Oct 19
Comment: target: 6260
Oct 19
Trade active: The ABCDE Count might not be correct since it still has space to move in that acending triangle.

if we ignore the wick, we get A (instead of C), B (instead of D).
While C,D,E are still incomplete.
Oct 19
Comment: In the process of breaking down!
Oct 19
Comment: My first post on tradingview, sorry if the graph appears like shit, just move to the left so it will zoom out and you can see the big picture.
Oct 20
Trade closed: stop reached: Stoploss hit, 4 hours after hidden bullish divergance appeared on the 1 hour chart.
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