BTCUSD Long Term Exhaustion Looking at Correction?

Not a short position, just an analysis

-Bearish MACD divergence (4h)
-Bearish RSI divergence (for the nth time) (4h)

Note

s3.amazonaws.com/tradingview/snapshots/r/rYkNvImm.png
1D candles

Note

s3.amazonaws.com/tradingview/snapshots/b/bdA3JWwK.png
Here is a log version of the same chart, a little bit easier to see

Note

s3.amazonaws.com/tradingview/snapshots/v/VthpBcfB.png Breakout downwards soon? Could be a short position

Note

s3.amazonaws.com/tradingview/snapshots/w/w7oEebQZ.png
Depending which way it breaks out on the 2 levels BTC is either a long or a short. Long would be indicating that the 5th wave I drew would be more of an extended third wave rather than a fifth and that this correction was wave 4. If it breaks downward, then it is likely what I drew in the original.

Note

s3.amazonaws.com/tradingview/snapshots/z/zmZEasrQ.png
Yikes. "EXIT ALL CRYPTO MARKETS" as they say. /s

gelnd

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gelnd