probably a bull trap is forming (bearish elliot+patterns)

14 Eyl 2021

37k is key level support and 48-50k is a massive resistance, let see who wins, elliott wise this is the most probable count, BUT not the only one, i have shared below 2 most probable counts

price actions wise, we have broken down from our 2 rising wedges, and we need to retest before falling down further

rsi has been showing weakness on daily as well since 37k approx

14 Eyl 2021

Not

bullish count if we get rejected from 38k

14 Eyl 2021

Not

bearish count