Wayne-o

Wayne-o

Lack of momentum across the popular indicators + large bear engulfing candle, in my opinion lower lows to come lower bb sitting around $62 which aligns with long term support

Wayne-o

looking for the stochastic to close pointing down i think the bearish momentum will continue

Wayne-o

long divergence and short term convergence overall decrease in momentum im thinking a retreat back to the MA is coming

Wayne-o Updated 

Look for retrace back towards resistance cluster made up of historical resistance + 50 EMA before moving south again Momentum on its way down also shown on longer time frame Targets on chart

Wayne-o Updated 

Daily bearish divergence across stochastic, MFI/RSI, mom and volatility, short term stochastic pointing down with decreasing volume and momentum free falling possible pull back on the cards

Wayne-o

Extended daily down trend, Bullish divergence on RSI MFI and pointing up , boncing off 60 period low, positive volume on last momentum candle, stochastic pointing up, just need break out of momentum triangle and 5/10 EMA's

Wayne-o

Pros - support rsi/mfi , .50 fib, directional candles trending up Neg - stochastic not pointing up , diagonal resistance directional candles If continues up possible ABCD formation

Wayne-o

2 x bearish divergence on RSI / MFI indicator 1 x on stochastic with likely 2nd , directional candles trending down

Wayne-o

Possible ABCD pattern forming on the day chart with bearish divergence on stochastic, force index and money flow index

Wayne-o

Scores have been allocated to each of the popular indicators and added together to make 1 oscillator

Wayne-o

My thoughts BTC up 3 - 7 days