Market Analysis for Jul 5th, 2018

I'm reading this price action as typical of ending diagonal right into the top of resistance. The bullish case for this chart is that of a 1-2,i-ii. But the only reason I'd bring that up is again because we have many alt coins starting to take out resistance. On the BTC chart in the bullish case, I would expect this chart to be filled out, and then a retrace setting up a breakout. But the 'each chart on its own' principle says I still need to be careful with the bullish case. 

BTCUSD - Bearish - Jul-05 0704 AM (20 min)
BTCUSD - Bearish - Jul-05 0704 AM (20 min)
Ryan Wilday hosts the Cryptocurrency Trading service on ElliottWaveTrader.net.