This aligns with the BTC correction chart. We have the signs of a correction: bearish divergence, fibonacci levels, elliott wave count and the bearish divergence pattern which will confirm when it breaks down.
*THIS IS NOT TRADING ADVICE. DO YOUR OWN RESEARCH. TRADE AT YOUR OWN RISK.*
The Elliot Wave count, fibonacci levels, bearish divergence and the futures gap are signs for a correction but the rising wedge break will confirm it. Let's see if it plays out.
*THIS IS NOT TRADING ADVICE. DO YOUR OWN RESEARCH. TRADE AT YOUR OWN RISK*
Looking at the big picture the elliott wave and the emotional cycle becomes more obvious and i think the bearish trend will last a little longer than we want but i think that we gonna have a bounce to get a complacency at monthly interval than we gonna fall to 1165-1300 area. Let's see how this plays out.