We see clear signs for another bear run.
The resistance zone has been tested, but not broken.
Clear Shoulder-Head-Shoulder pattern.
I think we have already formed the first and second elliot wave to the way down. (purple elliot pattern)
If you have any other ideas your welcome to comment. :)
Simple but meaningful anlysis of BTCUSD for short tim
Wave C of an ABC correction is very often a 12345 pattern.
So waves 1-4 are formed already. Waiting for last wave with target arround the 5500-6000$ support.