Applied wavecount, can be used for BTC. I would place shorts from 6200-6400, to atleast get a retracement down 4800-5000 price level. If that dosnt hold i see it testing the lower trendline at 4000.
Note: Red box marks the short entries.
Note: Red box marks the short entries.
Important levels BTC needs to touch and reject are:
1. 6250
2. 6350
3. 6550
if we get a clear rejection from those levels, it's time to short.