BitcoinShort
Downtrend resumes
- Hidden bearish divergence en the RSI, a set of higher highs while we get lower highs on the chart, and there is also this beautiful rising wedge which should eventually break out downards
- Bearish pennant (56% of going down)
If we do break the pennant upwards, i see a possibility of reaching the big resistance for a 0.618 retracement.
Elliott Wave count: Corrective wave 2 of the last cycle before what should be a nice bounce.
- Bearish pennant (56% of going down)
If we do break the pennant upwards, i see a possibility of reaching the big resistance for a 0.618 retracement.
Elliott Wave count: Corrective wave 2 of the last cycle before what should be a nice bounce.
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