Bitcoin - 5 magic bullets will stop this trend

22 thg 2, 2023

Hello, everyone!

It's time to talk about the potential reverse warning because we have all 5 factors which can stop the uptrend according to the Trading Chaos methodology. These factors are following:

• Target area of wave 5. We have the extended wave 3 obviously. That's why we have to measure the wave 5 target as from 1 to 1.61 Fibonacci ratios multiplied be wave 1 length.
  
• Squat bar at the top. Here we have even 2 squat bars which makes me super confident in the potential trend end.
  
• Divergence with Awesome Oscillator. This is the most important factor that we have the divergence between wave 3 and 5. It's the most powerful signal.
  
• Decreasing momentum. We have 2 red columns on AO.
  
• Fractal at the top.
  

I have not seen such perfect bearish setup for a long time. Let's see if it is going to play out.

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