At the weekly chart I see this: Every 4 years a cycle repeats itself.. The retrace after bull market is 84-86%. The uptrend starts 4 years after the previous one. But the uptrend becomes weaker every cycle: 480X, 112X, 21X. Next = 5X ? RSI is not bottomed out below 30 yet. Price can go down one more year. 85% retrace will give us 10K (Strong resistance in April...
We are at the lower band of range 42-65K. In combination with very low RSI, I am not affraid.
EOSBTC broke out the falling wegde. It tested the upper line, now ready to go to next resistance zone X2 X2 X2 First target! 🚀🚀🚀💥 ✖2️⃣ 💯%
Retrace of rally to 68%. Sell volume went low. Forming an DOJI as sign of reversal.
I expect BTC to go to the topline of this channel, what means A NEW ATH. 🚀🚀🚀🚀
Rising wedge is a bearish continuation pattern. Look out of break out for a short position.
Possible correction to 25K. Not a financial advice.
I think a ( ABC ) pullback to 13,60 will occur.
1700 was resistance march 9 , support now..?
Resistance became support now for second time (W). Low value of RSI, las time this was the start of a upward move. Wave 2 is a 100% retracement of wave 1. Advise welcome
End of falling wedge and end of wave 5 downwards. No financial advice.
End of falling wedge. End of wave 5 downwards. RSI divergence. Not financial advice.