It's probably in longer time frame wants to do flat or irregular correction and in this part we got a probability of flat correction and a little upward trend and then it will probably short again.It might finish these moves first and then start the upward trend in daily and weekly
In the big picture we had an impulse and we are on it's correction wave.It has finished our first correction wave ( a ,color:black ).
We are now on the 2nd corrective wave ( b,color:black ).
It's consisted of an other abc wave and it has finished the first wave of it,we are now on the 2nd one (b ,color: dark blue).
It's going to be flat so it has 3.3.5 waves.
It might look a little complicated but i tried to make it as easy to understand as possible.In our big moves (i showed with black ) we are in the 3rd wave of our correction wave (c).
to zoom in the 3rd wave you see it has almost finished the 1st wave of it and it will go for correction in a bit.then it will fall down again,since that's gonna be our 3rd wave of...
It has finished first correction wave ( a ) and the 2nd one ( b ) which was an irregular correction , it's going up with our 3rd correction wave ( c ) which is 2nd correction wave for our bigger impulse ( b ) and then it will move bearish to finish our bigger impulse correction wave (c).
I don't know what to say,the chart speaks for itself.
It has almost finished the last impulse,correction wave.It's in the 5th wave of C atm which is an ending diagonal .
when it's done it is going to at least reach 20,000 $ or so
In my opinion it's in the last wave of our B which is a 5 wave impulse so its going up to finish our B and then it's going down with another impulse to finish our C and then it goes up
wait for MACD diversion on the top of our B to sell C and then wait for an other diversion at the end of C to have a nice x7 rewarded buy.
I think it's in the 5th impulsive wave and it's going to have a correction wave afterwards.
wait for it to finish the last wave and check MACD for diversion when you got your entry trigger have a profitable buy.
3rd impulse of our impulse has finished with an ending diagonal and we are now going down with the 4th wave which is a correction wave and then we'll have our 5th impulse wave and the whole impulse correction afterwards.