BTC next move - Diamond top, Fibs, Descending wedge,Elliott wave
Getting ready for Diamond top breakdown in Wave 4 of 3. Descending Wedge to start Wave 5 of 3. Red box at top = Resistance.
IF Diamond Top Breaks to downside:
Diamond Target 1 = Not Accurate yet as we have to Apply this ON the breakout but still charting it at the moment as an example.
Diamond Target 2 = Probably won't get hit if this formation continues as it is too low down the descending wedge .
IF Diamond Top breaks Upper trendline B, will have to redraw the Upper resistance trendline . Invalidated if BTC hits above 6840 before breaking down.
IF Diamond Top Breaks to downside:
Diamond Target 1 = Not Accurate yet as we have to Apply this ON the breakout but still charting it at the moment as an example.
Diamond Target 2 = Probably won't get hit if this formation continues as it is too low down the descending wedge .
IF Diamond Top breaks Upper trendline B, will have to redraw the Upper resistance trendline . Invalidated if BTC hits above 6840 before breaking down.
Idea updated here ^^^