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Checkmate3355

BTC getting ready for a 15% drop next week?

Short
Bitcoin / TetherUS PERPETUAL CONTRACT (BINANCE:BTCUSDT.P)  
Checkmate3355 Updated   
BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
Trend Analysis Chart Patterns Wave Analysis elliottwaveprojection elliottwaveideas
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trendanalysis chartpattern waveanalysis elliottwaveprojection elliottwaveideas
BTC is currently forming a Rising Wedge pattern with proper Elliott Wave Counts. We can expect Wave 5 to reach around $25250, from where it may start dropping and breaks below the Rising Wedge Pattern.

1 Day 100 MA is also around @25200 currently. So a rejection can lead to this drop.

We can expect a 15% drop into $21500 levels next week.

>> This is not a Trading Advice.
>> Please DYOR
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Moving as per the plan!
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