Kind of getting more and more convinced that BTC will drop further. Just by the way the RSI is playing out, 4h -12h. currently where we are, 4h is overbought which leads me to think, price should come down. If I look at the 12h RSI, signal is moving down from the top and we have a lot of room underneath. unless we get something really bullish that significantly...
XRP price is testing this major downward trend line. RSI looks overbought on 4h so likely price will reject downwards until 4h RSI is oversold. Will look for strength/bullish signs once this happens. Still bullish on HTF.
I don't really follow ARB, but saw some incoming volume and noticed it was reacting at the 0.5 fib level. 4h RSI looks promising.
Price has pushed up from my area of interest, but now RSI showing oversold. watching for weakness here.
XRP price appears to have bounced from this area. projecting price moving up to the top of the channel.
INJ price pulling back. Watching for reaction at 0.5 fib or worst case 618 fib. Losing this will show weakness and could possibly indicate time to short.
5 wave structure completed, now maybe a 3 wave corrective structure down. Caught a short earlier and hoping to ride this down to 32. FOMC looming in 2 hrs so have moved stop to entry and set TP. Will look to enter a long tomorrow.
Watching Storj to see if price will come back to the bottom of the channel (near 0.5 fib level). If it shows a reaction, we could be in for a 3rd wave.
Looks like TRX has completed a 5 wave structure and is now half way through an ABC corrective wave.
messy but has it all in there drew the C&H measured move twice as not sure of the bottom of the cup. first target 27240 also has a large volume node that price has to get through. 2nd target 27772 aligns with a gap in volume and would take liquidity out on the way up
SOL seems to be following BTC etc. in playing out the C&H. Marked out targets based on vol and measured move from the C&H pattern. first target aligns with fib 1.618 from the handle.
BTC needs to retrace and gather more steam before it can push up. Also price seems to be following this TL. If it holds, we can likely see a good jump here, otherwise I am keeping an eye on two areas of interest below for price to fall to. Weekend price action can be unpredictable so my long entry here has a very tight stop.
BTC price to push up to top of this small rising/bearish channel. Reaction expected at either .382 or 0.5 fib levels where price expected to fall back down to the bottom of the major descending channel and take liquidity at the recent lows. If price stays here too long expect more downside, otherwise a strong reaction here means further upside.