BTCUSD Long Term Exhaustion Looking at Correction?
Not a short position, just an analysis
-Bearish MACD divergence (4h)
-Bearish RSI divergence (for the nth time) (4h)
-Bearish MACD divergence (4h)
-Bearish RSI divergence (for the nth time) (4h)
Nota
s3.amazonaws.com/tradingview/snapshots/r/rYkNvImm.png1D candles
Nota
s3.amazonaws.com/tradingview/snapshots/b/bdA3JWwK.pngHere is a log version of the same chart, a little bit easier to see
Nota
s3.amazonaws.com/tradingview/snapshots/v/VthpBcfB.png Breakout downwards soon? Could be a short positionNota
s3.amazonaws.com/tradingview/snapshots/w/w7oEebQZ.pngDepending which way it breaks out on the 2 levels BTC is either a long or a short. Long would be indicating that the 5th wave I drew would be more of an extended third wave rather than a fifth and that this correction was wave 4. If it breaks downward, then it is likely what I drew in the original.
Nota
s3.amazonaws.com/tradingview/snapshots/z/zmZEasrQ.pngYikes. "EXIT ALL CRYPTO MARKETS" as they say. /s
Aviso legal
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