Welcome to my BTC analysis.
The MACD looks bearish , it's nearing the upper resistance. Also the RSI is looking a bit bearish. BTC is approaching the 0.236 fib and the neckline of the white HnS. They will probably let Bitcoin drop to finish the E wave of it's pennant. Then I expect a run to around 7500-7650. Hopefully it will break through the neckline of the...
Welcome to my BTC analysis.
The MACD looks bearish, it's nearing the upper resistance. Also the RSI is looking a bit bearish. BTC is approaching the 0.236 fib and the 0.5 resistance from the fib fan. They will probably let Bitcoin drop to finish the E wave of it's pennant. Then I expect a run to around 7500-7650. Hopefully it will break through the neckline of...
BTC is trying to keep it down, but another inverse HnS is forming right now. Also big bullish divergence on the MACD as well the RSI. I expect a breakout soon unless BTC goes down, but BTC is looking good atm.
Double bottom divergence on the RSI and oscillators. WAN bounced neat at the 0.236 fib and is now sitting against the 0.382 fib. Also a HnS is forming. If BTC stays stable/goes up the HnS may play out.
This is NOT a trading advice. Trading is on your own risk.
Just an idea, I used fractals from the run before and it looks like the current situation. the RSI is bearish, and the 12345 eliott wave SHOULD be completed. This is just an experiment, don't trade based on this.
NANO will likely bounce at the blue line, if it breaks 16500 a Cup and Handle formed and it will go to around 18k/19k.
NOT advice to buy, just giving you information. If you buy, buy when it breaks out (above 16k5) and put tight stop losses.
