Bitcoin - EW analysis - triangle break down

4 giu 2021

BTCUSD - It seems like triangle completed. The last move as abc zigzag as E wave within triangle completed outside the triangle. The invalidation level is 39486 for the bearish trade set up and the target zone is below 28k level. The drop is yet not a clear sign of 5th wave, but can be traded with initial stop above invalidation level. If it confirms the impulse down, then the set up turns more confident.