Btc in 2018 has obviously been in a drowntrend. Whats interesting about the price behaviour, is that in every countertrend movement, it seeks suport arround 6100, 6000 or 5800 usd and retraces to 0.618, literally everytime. With that in mind, i expect that the next upwards move (Counter trend movement) will go as far as 6800 and than bounce back seeking the...
We can clearly see a double top formation occurring in the 1h graphic. We see a stochastic divergence as well but OBV indicator confirmates a down move. Lets see what happens, but i will consider patter and volume more important than the oscillator. Price will go down to 0.012052 and then i would expect a 50% conter trend move upwards.
As you can see, we might be on the way of stochastic divergence. Thought, we have no indication of a major bull run, the trend is definitely bearish as ou can see in the keltner channel, wich suggests a downtrend continuation. If the stochastic divergence is confirmed, with a OBV divergence, i would expect the price to move towards the 7800 before bouncing back to...
