BTCUSD is currently in a symmetrical triangle it's unclear which side it's breaking out. The volume is diminishing which can refer to quit before the storm. The RSI is bearish and making lower lows & lower highs. We marked some critical decision points where the price could go. How to trade this situation? 1) Wait untill the breakouts occur so its clear what side...
This setup has a great risk to reward ratio to complete the Elliot wave structure and reach again for the ATH. We've completed our wave 3 and lets wait how much it retraces to jump in and ride wave 5.