Technical analysis by Wave-Tech about Symbol BTC on 16 hour ago

PRIMARY LONG-TERM SELL SIGNAL PENDING: (upper panel) According to my primary long-term trading signal, BITCOIN has a two week deadline to stage a rocket launch rally to negate a long-term SELL confirmation at the close of November trade. EARLY RSI BUY SIGNAL for 2026? (lower panel) My custom weekly RSI is rapidly heading toward the oversold 30 level. The good news going forward, insofar as this RSI is concerned, is that in the past, upon closing beneath 30 on a monthly basis, and then closing back above 30 in similar fashion, it has produced sustainable long-term rallies of significance. WEEKLY MOMENTUM: (bottom panel) Long-term momentum has moved into bearish territory with readings below zero. If the big cycle top is in with the November 126,272 print high, it is then likely that momentum will continue to test its lower bound before consolidating and registering some bullish momentum divergences as it did in the last move down to the 15,479 print low. ELLIOTT WAVE COUNT: Despite the growing possibility that the big cycle top is already in place, I am giving BITCOIN bulls the benefit of the doubt in labeling the current move down as that of a 4th wave of primary degree, with another move higher to fresh all time highs to mark the larger Cycle Degree 3 wave terminal. In this most bullish case, it is essential that Bitcoin maintain trade above the 69,000 Cycle Degree wave 1 high. Any print beneath that level going forward, and it might be lights out for Bitcoin, at least in terms of Elliott Wave Tenets. If you are sitting on substantial profits and do not want to see them wither away any further, it may be wise to get a lot smaller on any rallies going forward.