BTC Final push to W 200 EMA
Updated
- BTC seems to have found support at the fib 23.6 level for now.
- 1hr Stoch RSI is oversold and crossing up
- CMViX given a 1hr buy signal
- Wave 4 completed. 1 final wave probable
- Anticipating W 200 EMA will be the reversal target (circa 4100)
Risks
*The trend is becoming exhausted and likely to be nearing reversal so caution should be taken
*23.6 is not the strongest of fib levels and a further retrace to 38.2 is possible, which is also the trendline from Jan 2018 which has yet to be retested.
BitMex Chart
Trade active
Entry at 3915.5Liq Price : 3858.5
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