Hello, everyone! On the Bitcoin price chart we can see that bea
Hello, everyone!
On the Bitcoin price chart we can see that bearish reversal bar and bearish divergence have been formed, but I consider it's not enough for the final wave 5.
Of course, Awesome Oscillator crossed the zero line, but this is too weak crossover to form the wave 4. I suppose we have to see more consolidation in the wave 4. Bearish reversal bar in my opinion is the top of the wave 5 inside wave 3. Therefore I am still holding my long trade and waiting for the wave 5.
Best regards, Ivan
On the Bitcoin price chart we can see that bearish reversal bar and bearish divergence have been formed, but I consider it's not enough for the final wave 5.
Of course, Awesome Oscillator crossed the zero line, but this is too weak crossover to form the wave 4. I suppose we have to see more consolidation in the wave 4. Bearish reversal bar in my opinion is the top of the wave 5 inside wave 3. Therefore I am still holding my long trade and waiting for the wave 5.
Best regards, Ivan
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