Bishaya

Bishaya

BTC Finished its correction a few weeks ago and started working its way up again. But it is now sitting on long term support. The battle between the bulls and the bears is finally here. BTC must maintain this price or we are heading down another ~35%. If you're a bull, this is the optimal entry. Both outcomes are possible in this market so prepare for major movement.

Bishaya

BTC can either break out of the long term downward wedge or it can break down from this price zone. Futures has brought a lot of liquidity and FUD is slowing it down but the next two weeks will give a great technical analysis.

Bishaya

Bitcoin can retrace here and follow its gradual climb back on the blue line.

Bishaya

ABC correction ends near wave 4, around $7,200 to $8,400. The first guideline is useful for targeting the end of Wave 5. Even though Wave 5 could be longer than Wave 3 and Wave 3 could still be longer than Wave 1, chartists can make initial Wave 5 projections once Wave 4 ends. In a larger uptrend, chartists simply apply the length of Wave 1 (percentage change) to...

Bishaya

There are multiple indicators proving this. MACD is ready to reverse and start bullish trend. OBV is building back its volume slowly. There is a possible inverse head and shoulders forming once it touches 20k. Currently there is a wedge that can breakout and get the gains it has at the base, around 60%.