Technical analysis by sngyuchao about Symbol BTC: Sell recommendation (10/3/2022)

I am not sure what is holding up bitcoin except that the longer it held at this support, the worst it is going to fall. As can be seen from my chart, 2 waves down has already completed. What is not so obvious is that the first wave is actually wave 1 of a higher degree. The 2nd completed 5-wave is actually a sub-wave of a lower degree. That means, I expect bitcoin to really crash with a wave 3 of a wave 3. The build up around this price for so long is a cause for concern because the longer it held, the more “fuel” is accumulating for the crash.