Technical analysis by DobrijZmej08 about Symbol BTC: Sell recommendation (5/10/2023)

ZmijElliot BTC CPI was good? I do not think so... Last green (w)(x)(y): • first ABC clear enough, maybe it is not impulses, but it is triple • wave (x) very near with impulse, but ok, maybe it is middle-wave • wave (y) - it is definitely not impulse, because blue wave B created the lower extremum, which divided two parts on triple A and impulse C. I cannot count blue A as an impulse, maybe I am wrong middle green (A)(B)(C): • while we are below wave 1 (28 333), it still can be impulse • even if it is corrective, I am sure, that we need another leg to down after testing the edge of the triangle • price touched level 38.2% very accurately (it is the minimum level for wave X) RSI: • time to down Questions: • is the price starting a new impulse to the upside? No, I do not think so • can the price touch edge of the triangle on level 28 430? I think yes, but it will brock impulse structure, and it will be confirmation, that we have a corrective move to the downside • where trade? I got a short, but large sl, and I want to take a little more position, if we will build one more wave to the triangle's edge