BTCUSDT 15 Min Possible scenario

According to my analysis, the fifth wave of the downtrend on BTC should be complete and now the wave A scenario should playout. I have taken into account two possible retracement level of the 5th wave. Price maybe heading to a 38.2% retracement ($39,805)before continuing downwards or a 50% retracement ($ 40,200) before continuation. Lets see.

N.B. This is only my personal opinion, not to be considered as financial or investment advice even remotely.

Yorum:

Looking at the chart currently, I am getting a rising wedge pattern. Hopefully the break will occur once the retracement is complete. However if the retracement level of 23.6% is considered to be a breakout point for the wedge, price will be heading downtown now.