BTCUSD
is a rollercoaster unlike any amusement park has ever been designed. Let me tell you why it's so special because unlike traditional designs,
BTCUSD
lets you in for a bigger dive than your first dive! If you're still reading this, you've probably seen other TA with triple bear flag in action (notably the notorious MPC), each subsequent drop much greater than the previous.
We see that all 5 elliot waves have now formed and the descend has already begun. My confirmatory point of the descent is the red triangle when it breaks out of the bear flag.
I look at the 15 minutes chart because it lets me assess the slope with greater sensitivity. I can approximate from the inclining angle of MACD bottoms and the declining angle into the first correction wave A that we're in for another sharp fall. Another supporting factor is that MACD is due for a flip off of the 4 hour chart which is my usual go-to.
Get ready to wave your arms up and scream everyone.