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BTC Could this be the Turning Point!!!

By weslad
Updated
All based on trendlines and RSI analysis with the aids of Fibonacci retracement.

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Looking closely this sell off seems not yet over as the corrective pattern reveal potential 3000$ level.

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Bringing together the both mega corrective wave patterns of BTC. From this chart its show we are in corrective sub-wave iii.

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this is first reversal pattern we have gotten ever since the beginning of the dump.

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Another trading range has been formed for now this is between 4230$-4750$.

We await breakout from this range if we break up our target will be 5700-5900

If price break down we will see the first mega test on 4000-3850.

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This is what we have on 2day chart, we should scale up slowly through the range.

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Spotted bullish divegence

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Divergence still in play

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Price breakout from this mini-symmetrical triangle

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Chart PatternsTechnical IndicatorsTrend Analysis
weslad
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