BTC is currently in a downward channel IMO
Currently in either Wave 2 (Correction) or Wave C (For continuation downwards 5xxx-6xxx level)
Lets see for the next couple of days
Will still post here for some updates
A possible retest of the trendline created way back to 12k Level as you can see from the chart.
Price currently bounces at 0.618 Fibonacci Level, in a non-log scale. What do you think guys? Will this be the start of the Bull Run?
-Falling Wedge pattern can also be considered at the moment. What are your thoughts?
What do you think guys?
Last year where we experienced the Bear Market, BTC had a bottom in average $3,150 at as what we may see, it was a bounced from 200 Weekly MA
In our current scenario, is this the local bottom? Priced bounced at 100 Weekly MA and could be the start of BULL RUN until Halving 2020.
Let me know your thoughts! Thanks!
Could this be the time for the last gap in CME to be hit?
It could be possible since based on Moving Averages (20,50, 100, 200), is now becoming resistances and indicates a downtrend movement.
We will see for tomorrow as CME Market will open. Have a great sunday guys!
Hello guys. This is my thoughts about BTC so far with target of 1-2% increase from its current support.
Trade at your own risk. Not a financial advice. Always put stop-loss
BNB in 15M TF seems to be respected by MAs from 20, 50, 100 & 200. As you can also see, TRENDLINE was respected and a possible pullback for continuing run upwards.
BTC is respecting both BREAKER BLOCKS and TRENDLINE support in lower and higher TIMEFRAME. We have seen bounce from its green support box. Also we can see there is an OVERBOUGHT in both 15M and 1HR Timeframe. Let's just wait for any BTC confirmation of its movement. Regarding MAs, it broke the one I used, 260MA in 1 HR Timeframe.
Let me know your thoughts guys! Thank you!
Seems like it formed out to be a Head and Shoulders Pattern and could possibly go down if it breaks its current price.
But also if you check it, it had a strong support at the green level. Always put STOP-LOSS if this scenario like this breaks which is out of our control. :)
FTMBTC Binance
Currently at its Wave 5 scenario. MAs 100 and 200 are also acting as good support. Invalidated EW if WAVE 4 will be extended below wave 1 horizontal line.
-Not a financial advice
