There is a dangerous divergence in BTCUSDT weekly timeframe. As long as the bottom trendline is not broken, it's safe. It's possible, another higher high with divergence will be formed. anyway, vividly we can see weakness of bulish trend in the chart, we have a weak impulse wave.
After reaching $30k in last month, Bitcoin has increased to $50,000 and "B wave" of Elliot has Formed. We have an important fibonacci cluster in $50,000 zone, now we are wating to last Corrective wave that names "C wave" in Elliot theory. It shows us we have a bearish market in september. There are four important level In front of Bitcoin, 41000-43000,...
