thesecards
just posted about bullish divergence in MONEY FLOW INDEX just noticed falling wedge also
we are on the verge of hell a drop below 7000$ would surely bring a drop below the 6k level as its been tested 2 times already and the highs are getting lower, there is a bullish divergence in the money flow index which takes volume and price into consideration.
depending on if btc falls further its either forming a symentrical triangle or a descending triangle.. if it ends up being a descending triangle all possibilities are on table 3k? 5k? 4k?
market will not reset into uptrend until original trendline catches up with the price of bitcoin
divergences on eth/btc showing buyers are running out of gas
divergence with the rsi, although retracement too .618 fibonacci looks very possible
VENBTC MAINNET PRICE ESTIMATIONS
excpecting a pullback here before eventual target
.618 retracement should hold as bottom with mainnet around the corner, target A is $1080 target B is $1219
if 50% retracement holds, long target is $11300 (138%) medium target $10000 (previous high) short target $9185 (23% zone)