Still more down after correction for IV wave
Comment:
Wave IV may form a triangle bear flag here
Comment:
1hr ichimoku cloud blocking our way up from the beginning. Won't go up until it breaks it
Comment:
Is the downtrend over? I dont think so. It can climb higher on this wave but be carefull as we got some history price actions that showing huge downside potential still
Comment:
Bitcoin found support and probably will try to test 7500-8000 levels
Comment:
Another fractal I found. 6600 is tough level which needs to be broken first in order to go up.
Break it and we go up. Reject it and we go down
Comment:
Bear Crab harmonic pattern spotted
Comment:
Move down to ~5k is now in development again
Comment:
Price action went sideways. We are in symetrical triangle right now. It needs to resolve first and break daily EMA30 (to go up).
This upside correction took longer than I thought and right now with this triangle building thing so we have to wait for it to resolve to be sure.
Short term I would say we are going back down, still inside triangle. Don't think EMA30 daily will break here right now
This upside correction took longer than I thought and right now with this triangle building thing so we have to wait for it to resolve to be sure.
Short term I would say we are going back down, still inside triangle. Don't think EMA30 daily will break here right now