BTC weekly chart still remains bullish since the swing low at 5.4k wasn't passed.
Let's see if the pink support holds in coming days which may actually does. But the last leg down may yet to be played to either 4.9k or 4.3k levels where the bearish pattern gets finally completed. I expect the last leg down to be completed by April 20th where the red vertical on the chart. You notice fib levels on the chart where price re-acted to that is why I just left them on the chart.
To take a long position I recommend the dual time frame momentum strategy where both 1D and 1H StochRsi indicator at oversold at or below 20 level.
Let's see if the pink support holds in coming days which may actually does. But the last leg down may yet to be played to either 4.9k or 4.3k levels where the bearish pattern gets finally completed. I expect the last leg down to be completed by April 20th where the red vertical on the chart. You notice fib levels on the chart where price re-acted to that is why I just left them on the chart.
To take a long position I recommend the dual time frame momentum strategy where both 1D and 1H StochRsi indicator at oversold at or below 20 level.
Note
BTC broke the down trend line and advancing to over where I market wave A/1. Since Alts has been rising with recent rise of Bitcoin, it will only indicates we should expect wave 3 of a 5 wave advance to higher levels. I expect this wave 3 to end around 13.5k-13.8k. Clue is on the truncated wave at 11700 .Note
Note
Note
BTC at WEX and what I expect for reversal zone:
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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.