When Has BTC Topped?

I've been anticipating a price drop for the coming 2-3 days. Instead we've climbed up a little further in price, which I also flagged for in a previous post:

https://steemit.com/bitcoin/@benkalashnikov/3a4qrj-bitcoin-short-term-view-neutral

So what's next?

Elliot Wave Count:
- This has been my primary count for the past 2 weeks with a few modifications.
- The 3rd wave should end soon as it's reached a 1.618 fib area which is very common in EW theory, (however, it's possible that we break through all resistance lines, but not very probable IMO)
- Still targeting a 0.236 to 0.5 fib correction area meaning $7,300 to $6,800.

[IMAGE: https://cdn.steemitimages.com/DQmZGsfA2UjPyrw6gyj6oJ6Wz9u4LA2diMZdXJ3MTRJnSnY/Screen%20Shot%202018-07-23%20at%2019.31.20.png]

Subwaves:
- This is a deconstruction of the 5th subwave.
- Subwaves are harder to predict but if we make an assumption that the 1st wave is complete then we can see that a 3rd wave target at 1.68 fib level fits very well with the blue trendline that has been a strong resistance for the past months.
- Don't try to trade these smaller subwaves!
- Wait for confirmation that the 5th wave has ended and short Bitcoin.

[IMAGE: https://cdn.steemitimages.com/DQmYKd5aZt7kM5tg1dr7eTfmXMgMuv5CTQdES9q4VpcTn8J/Screen%20Shot%202018-07-23%20at%2019.45.06.png]

Bearish Divergence:
- Bearish divergence is a sign of a trend reversal coming
- Price keep rising while RSI strength is going down.
- Also volume is decreasing.

[IMAGE: https://cdn.steemitimages.com/DQmVdjmfk4rCywTnruxMPj5KTWge9desy349N4qiCybRxCc/Screen%20Shot%202018-07-23%20at%2019.59.25.png]

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Disclaimer:
I'm not a financial advisor and these are only my opinions. I don't take any responsibility for any investments that you make based on my analysis.