Is bitcoin ready to close the week with a final push? (update)
Updated
I previously thought it was an 5 waves structure but now it looks more of an ABC. Two main downward resistance trendlines extending from the 19k region (Red and purple) should stop the progression upward at least for the next week. In the meantime some important EMA's golden crosses should occur and that could potentially mean more upward pressure as Bitcoin will try to bounce off those 19k resistances trendlines (becoming temporary support). I see a correction to the golden pocket (.382 fib region) next week. Expect the $3830-3840 strong support to be tested first.
Order cancelled
The weekly stoch RSI turned bearish tonight with a down cross. Target: $3600Trade active
I re-opened my long. I made a mistake. I think we are experiencing bullish divergence on the higher timeframes.Trade closed: target reached
I will make an analysis for the next target down. I'm currently short
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