According to my wave count, BTCUSDT is finishing an 5th wave expanded in an ending diagonal to complete wave 5 of the actual bearish impulsive wave of this cyclical bear market.
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Daily LSMA resistance plus AVWAP from peak of wave (ii) of this ending diagonal. Technicals: serious divergences on Commodity Channel Index and Chaikin Money Flow.
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I have updated my chart. On this updated 15m you can that BTCUSDT price action is about to extend the impulsive wave inner the corrective wave-A as showed on these previous 1D wave count. On daily chart, the higher peak appears to be a classical bull-trap formation and the price action in hourly time-frame was made a diamond, thus price finally ignited a downtrend, in which we're in a corrective wave-A, which structure is a impulsive wave that is now extending for a new impulsive bearish to reach the potential neckline level.
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That's the diamond formation in which the price throw-over shaking up and down, trapping bears and bulls.
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