all right . Mr. Bitcoin
After a good uptrend, it has entered a state of erosion, which can almost be said to have broken its trend line.
However, there is a daily tightening in the rsi index, which may bring the index up to 85%.
There is a 4-hour divergence on the macd index, which has not been confirmed yet.
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If he can confirm the divergence, he can go from the first path to 59.
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But otherwise, the uptrend will break and enter the correction phase up to the 38-40 area and from that range to 59.
After a good uptrend, it has entered a state of erosion, which can almost be said to have broken its trend line.
However, there is a daily tightening in the rsi index, which may bring the index up to 85%.
There is a 4-hour divergence on the macd index, which has not been confirmed yet.
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If he can confirm the divergence, he can go from the first path to 59.
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But otherwise, the uptrend will break and enter the correction phase up to the 38-40 area and from that range to 59.
Note
The second route is more likely. And for Bitcoin and the market itself, it is better to correct it up to 40 right now. Because going without correction and once to 59 makes the fall sharper.Note
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In Elliott's view, we appear to have formed one of the five leading triangle waves in the first wave. By leaving it and correcting wave b to the range of 42. The next ascending wave begins.
Note
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We have to wait until the end of today to confirm this divergence
Note
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goood work divergence
Note
Note
Note
In general, I still see the bitcoin trend correcting up to the 38-40 range. Unless btc can stabilize above 50 in this climb.Note
Note
Point d can go lower. But in general, we will have a bullish pattern and a return to 46500.Note
and daily time
Note
It is falling. And the d points in the figure above and the C point in some displacement have just changed the name of the patterns.Note
Note
HArmonic pattern deep crab
and
shark in daily
Note
ok . The fall is coming to an end. Despite the pressure on the mentioned surfaces, we move towards the targets above 50.
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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.