BitcoinUpdated Start to 3rd wave up? BTCUSD
Good base to start a pump higher. List of supports :
Would like to see more indicators that the current decline is over before making any trade off this
A break of parallel channel/1st wave will invalidate this idea.
Break in the 30 min RSI trend to push us higher
- Spike low of 20nd december decline + 0.382 fib retrace of 17th - 22nd
- Parallel channel
- .618 retrace of 1st wave up which is a usual retracement the 2nd wave makes in elliott wave theory. Also coincides with 1st wave high + 4th wave low in the minor wave of 1st wave.
Would like to see more indicators that the current decline is over before making any trade off this
A break of parallel channel/1st wave will invalidate this idea.
Break in the 30 min RSI trend to push us higher
Note
2 retests at broken RSI level. Still some indecision around here, but potential support base being madeNote
Short term support
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.