Bitcoin — The only analysis you need. Harmonic AB=CD in play.
Updated
Chart is more important then words:
We have ideal ABCD harmonic pattern.
Using Fibonacci retracement tool on leg AB, the retracement BC reached the 0.618 level. The line CD should be the 1.272 Fibonacci extension of BC.
The length of line AB should be equal to the length of line CD.
The time it takes for the price to go from C to B should be equal to the time from A to B.
RSI shows bulls signal.
MACD reversing on daily chart.
Volume will be increasing this week.
"Buy Bitcoin." Invest in alts, good luck ;)
PS: Check Related previous Bitcoin and Educational ideas:
We have ideal ABCD harmonic pattern.
Using Fibonacci retracement tool on leg AB, the retracement BC reached the 0.618 level. The line CD should be the 1.272 Fibonacci extension of BC.
The length of line AB should be equal to the length of line CD.
The time it takes for the price to go from C to B should be equal to the time from A to B.
RSI shows bulls signal.
MACD reversing on daily chart.
Volume will be increasing this week.
"Buy Bitcoin." Invest in alts, good luck ;)
- "Time is more important than price. When time is up price will reverse."
- William Delbert Gann
PS: Check Related previous Bitcoin and Educational ideas:
Trade active
Bitcoin in black channel, i will use bottom of this black channel to open new Long trades, and top of this channel to close it, and open short trades.Trade active
Comment
If black channel will be broken down, it will be good sign of further downward movement to 8800-8400 price levels
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