BTC downside time ? Lets see how this ages

Charting on Bitfinex is tricky right now , since the pattern is somewhat different to other exchanges with the tether gap and all.
however what im looking for currently is a small downside triggering a hidden bull to go up making a bear divergence and then smashing through the local support to go down up to 5300-5140 ranges..

Just thinking out loud.
dont trade off of it.
publishing for my personal journal

Comment:

looks like we had an extended 3rd wave, i assumed we'd have an ending wave diagonal for the 5th, but instead seems like even the 5th is extended. with that said 3rd of the fifth targets roughly 6700.
from there we sail to 7k possibly ?, staying off , not shorting. got spot btc for 1x long though. this will crash like a bitch. longs will be trapped. and to top it off, ill be buying th dip

Comment:

well over 6800, possibly 7k on the cards?, will be shorting if we get near 7k. im guessing this extention is fueled by shorts getting liquidated there by market buying back the btc ..

Order cancelled