Skyrex

Bitcoin analysis update

BINANCE:BTCUSDT   Bitcoin / TetherUS
Hello, everyone!

BTCUSDT is still following our main scenario. All long trades has been closed because price is entering into target zone and risk of huge -20% crash from this point is high.

After finishing the impulsive wave which consists of 5 Elliott waves price is printing the reactive wave in shape of zigzag ABC. The liquidity above the yellow line has been collected, now expect the clear deviation above it and crash. We are waiting for the bearish reversal bar inside this area to confirm market's intention to go down.

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