Eloquent

btc 7-16 update pt.2

BYBIT:BTCUSDT   BTCUSDT SPOT
good afternoon o/

previous idea was invalidated; going to try this one more time.

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as of this moment, the local structure does look like a clean 5 waves up.
i'm going to be looking for 3 waves down after this fifth wave is completed.

likely going to back-test 20k before it attempts to expand higher into the weeks ahead.

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ps. it's possible the fifth wave sees an extension, in which case it can go higher before we get my pull back.
shorts are risky, pullbacks are for buying.


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have a great weekend 💸

Penafian

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