Alpha_54321

BTCUSDT POSSIBLE WAVE 5 SCENARIO

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Alpha_54321 已更新   
BINANCE:BTCUSDT   Bitcoin / TetherUS
BTCUSDT possible wave count from 69k to 15476. Currently the price is in the last wave 5 down .

The price needs to break 25211.32 up in order to confirm the completion of wave 5 and trend change ,otherwise the price will have a high probability to go down and reach the 0.786 or 1 fibo levels .

Usually wave 4 high in an expanding diagonal goes above wave b of 3 but sometimes fails, but it should be longer than wave 2 .

The daily and 4 hour Rsi are extremely overbought and the price is currently below the 200 EMA.


please do your own analysis before trading and zoom in to see the chart clearly.

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Warning : A daily bearish outside or engulfing candle , if the low is broken the price will dump quickly.
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