Nailed_it

A Tale of Two Counts: BTC finally showing its hand?

Short
BITSTAMP:BTCUSD   Bitcoin
The weekly chart is clearly showing momentum in a downward direction. Green count has BTC testing the .382 retrace of circle wave iii before going to complete the green wave (3) of a larger degree. Note green wave 4 tested the .382 retrace of the minor green wave 3. Price needs to turn up fast and strong for Yellow count to stay on the board. The weekly MACD should be giving everyone some pause since its not even curling up. Also, the monthly MACD is crossing over down for the first time in a long time. Momentum is fading from what I believe view as an epic B wave rally with the micro counts showing the formation of a green count downside set up. Yee be warned!

#AllMeasuredMoves
#NotAdvice
#Not Recommendation
#IDontEvenInvestInCrypto

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.