Bitcoin / Tetherשורט
End of E ascending Elliot Wave, beginning of correction wave A
Struggling to pass the 7200$ resistance, the end is near for the E wave.
If BTC goes to $7500+, then it will invalidate the pattern, as the 3rd wave would have a smaller amplitude.
Nonetheless, RSI is clearly showing signs of overbought. MACD crossed 3 or 4 days ago but can be taken into account as it does not had enough momentum.
In conclusion, solid short for me.
If BTC goes to $7500+, then it will invalidate the pattern, as the 3rd wave would have a smaller amplitude.
Nonetheless, RSI is clearly showing signs of overbought. MACD crossed 3 or 4 days ago but can be taken into account as it does not had enough momentum.
In conclusion, solid short for me.
כתב ויתור
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