BTCUSDT 5th wave downward of an ending diagonal
According to my wave count, BTCUSDT is finishing an 5th wave expanded in an ending diagonal to complete wave 5 of the actual bearish impulsive wave of this cyclical bear market.
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Daily LSMA resistance plus AVWAP from peak of wave (ii) of this ending diagonal. Technicals: serious divergences on Commodity Channel Index and Chaikin Money Flow. Trade active
I have updated my chart. On this updated 15m you can that BTCUSDT price action is about to extend the impulsive wave inner the corrective wave-A as showed on these previous 1D wave count. On daily chart, the higher peak appears to be a classical bull-trap formation and the price action in hourly time-frame was made a diamond, thus price finally ignited a downtrend, in which we're in a corrective wave-A, which structure is a impulsive wave that is now extending for a new impulsive bearish to reach the potential neckline level. Note
That's the diamond formation in which the price throw-over shaking up and down, trapping bears and bulls. 
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Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.