Full cycle completed.... watch this completely retrace down to at least $10-11k.
Then.... Bitcoin has 1 more wave down to finish its retracement, and will become the ultimate hedge and flourish...
Looking like the Primary Wave 1 has completed with an expanding diagonal, and in the motion of Wave 2 here. Bearish Divergence playing out
I was looking at Tezos a bit more bullishly, until I zoomed out.
Not taking a position at this time.
The strength of Bitcoin looks to have topped off here. Feel like we will get 1 more leg down to test lower descending RSI Trendline, and from there we can look for the next bullish move.
Strength looks to be tapped here and potentially going to start a decline in Chainlink. From my wave count, this would put us into the intermediate Wave C, then completing the primary Wave 2 of one higher degree.
I am looking for Chainlink to re-test the ascending RSI Trendline I have set, with potential break below.
I am short from $17.34
