BTC SCENARIO..

Updated
This is my idea... based on what i see on chart..
Maybe I'm wrong, Maybe I'm right.. time will show..
I don't explain it in words..
Look at the pictures and figure out by yourself..
Note
snapshot
Note
Sorry the last pic was cutted.. this is correct..

snapshot
Note
It's always difficult to understand BTC, often different Indicators shows opposite resolutions.. so we have to valuate the weight of different indications and decide which is most relevant..
snapshot
Note
The yellow 50 EMA now is acting as a resistance.. I don't think price will broke it so probably in the next 50 min BTC will dump, and the candle will close whit a correct lenght..

snapshot
Note
Volume Bearish divergence
snapshot
Note
However i need to say that the triangles I've draw are wrong..
I've started studying Elliot Wave right in this days, sorry for my mistake..
Here a study i'm doing now, I think this it's less scketchy..

snapshot
Note
snapshot
Chart PatternsTechnical IndicatorsTrend Analysis

Also on:

Disclaimer