BTCUSD evening analysis
Bearish count for BTCUSD.
This count envisions an ending diagonal to complete the b wave of an ABC zigzag.
Wave a was a large, expanding, leading diagonal, wave b was a double-three.
For this to be valid, 69493.20 will need to hold as resistance, and 58897 will need to break as support with impulsive price action.
Certainly strong risk/reward opportunity for shorts.
This count envisions an ending diagonal to complete the b wave of an ABC zigzag.
Wave a was a large, expanding, leading diagonal, wave b was a double-three.
For this to be valid, 69493.20 will need to hold as resistance, and 58897 will need to break as support with impulsive price action.
Certainly strong risk/reward opportunity for shorts.
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