Bitcoin is on the verge of collapse!

Hi all!

Bitcoin has been pumping for the last couple of days, and any pump, even a minor one, causes a bullish movement. This is not a feature of the end of a bear market. People have to become disillusioned with the market to reverse it. I know that I have failed many times with the Trading Chaos approach, but I believe that this complex methodology has great potential. I’m not going to give up until I succeed with this method.

Let’s look at the BTCUSDT chart on the 1-hour timeframe of the WhiteBit exchange. I believe price has completed wave 4 and is now about to form wave 5 before a huge dump. Look at the relationship between price and the Williams Alligator indicator. During wave 3, price typically makes higher highs and higher lows above the red Alligator line. When the price broke the red line, this became the first feature of wave 4. The second feature of wave 4 is the cross of the zero level on the Awesome Oscillator – we can see exactly that. The last point is a Fibonacci target area – the golden pocket is a suitable target. When we see a higher high combined with a bearish divergence, this will be a good entry point to go short to catch a potential dump.

Best regards, Ivan