Technical analysis by Ftradorex about Symbol BTC on 5/4/2024

Finished bullish Elliot Wave. Sideways should take half of bullishtrend, top of recent bearishtrend, create weak bullish candles or pass resistance and crash down. Can form a triangle pattern. If not, it can do a cup pattern. tip: use a to e waves [from top] to know sideways structure end. You can start it from lowest peak and set two more for structure understanding. sideways should take around 25 candles but can reach lower if waves are small and shadows are big. Nothing changes if reaches more.It will probably do one more bullish wave before short. Stay allert and trade wise. Seven lower waves is a reverse pattern.