firmestudio

BTCUSDT Potential Expanding Ending Diagonal

Short
firmestudio Updated   
OKX:BTCUSDT   Bitcoin/Tether
BTCUSDT is in a downtrend now to fill the corrective wave-A in a broadening structure, which suggests by the wave count that we are in the terminus of a micro wave-ii, thereby the expected retrace can reach 27750 in the rest of the day, i.e. I'm predicting a extensive wave-(V) in a expanding ending diagonal (broadening wedge formation).
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I recommend for those seeing my analysis to read Chaikin Money Flow and Fisher Transform oscillators to seek for the next bearish divergences, as well to compare them to the others occurred in the past, in a fractal manner, to improve your detection of turn-points about to occur.
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We can see on this updated 15m chart how Chaikin Money Flow oscillator is anticipating the terminus of this extensive wave-ii, in which action is a micro triangle about to break.
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