Hello and a warm welcome to this analysis on BTCUSDT
On daily time frame we can see
5 waves down - Wave A from APRIL 2021 to JULY 2021
followed by
Corrective abc up - Wave B from JULY 2021 to NOV 2021 which looks like a double top/horizontal B
then another
Minute impulse down - Wave 1 of C
currently it appears to be making Wave 2 of C which could retrace till 62000-64000 to be followed by Wave 3 of C down till approx 43000.
The view would be invalid if it prints a new high.
Short on rallies accordingly.
On daily time frame we can see
5 waves down - Wave A from APRIL 2021 to JULY 2021
followed by
Corrective abc up - Wave B from JULY 2021 to NOV 2021 which looks like a double top/horizontal B
then another
Minute impulse down - Wave 1 of C
currently it appears to be making Wave 2 of C which could retrace till 62000-64000 to be followed by Wave 3 of C down till approx 43000.
The view would be invalid if it prints a new high.
Short on rallies accordingly.
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