Blue wave 4 is likely done, so here is the update I promised:
A bearish SHS pattern could be forming very soon. The minimum target from this pattern would be 13000 satoshi.
At the end of this downtrend I expect a HUGE 1 hour buying candle. So unless I see a big candle at the end of expected wave 5, I will assume the downtrend to go on in an extending wave, which can never be predicted accurately before seeing it.
If you think this to be useful information:
DISCLAIMER: I provide trading ideas using EW and Pattern analysis. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas are. The author of this post is holding positions in this market at the time of this post.
If you make any trades after reading this post it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
Tell me what you think...
Have a nice day :-)