Bitcoin / Tether USD

Short

Ending diagonal as 5th of rise from $6400 local bottom

Updated

It is possible that we are steps away from completion of 5 wave rise from 6400 bottom. last 5th develops to ending diagonal and within last 5th is ending diagonal in making. possibility until validated.

Trade active

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Trade active

If price action goes above $8364 this count is invalidated as 5th is longer then 3rd. it is the same level for the ending diagonal and for ED within 5th wave of the ED.

Trade active

And Maybe Shorts are just getting ready to close some positions (just for overthrow at BTC)?

Note

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Just little pinch overthrow in place. Now we need to go below lower wadge bound.

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Wedge is broken and usually all wadge is retraced. it might be $7850 for us.

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5 down in place, decline just started.

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Trade closed: stop reached

Price Action invalidated the count. Risk management, stop-loss has to be in place at all times.

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