BTC looks real weak. I was calling for double top near 7600 exactly what we got.
It can dump anytime soon. The few green candle pumps are bull traps. Mostly the rejections points that the market wants to move along with bearish diveregences on the oscillators.
BTC looks like is in the wave 4 and still need to complete one more wave down for before we a good bounce.
I expect it hit around 6600 range.
It can dump anytime soon. The few green candle pumps are bull traps. Mostly the rejections points that the market wants to move along with bearish diveregences on the oscillators.
BTC looks like is in the wave 4 and still need to complete one more wave down for before we a good bounce.
I expect it hit around 6600 range.
Comment:
12 hr BTC chart -
No bullish signs. BTC formed that double top I was talking about in my previous idea on bitcoin
Oscillator shows bearish divergence, making lower highs while the price action is at nearly the same level.
This candle closes in 3hr and its already forming a tweezer top.
Targets remain the same.
No bullish signs. BTC formed that double top I was talking about in my previous idea on bitcoin
Oscillator shows bearish divergence, making lower highs while the price action is at nearly the same level.
This candle closes in 3hr and its already forming a tweezer top.
Targets remain the same.
Comment:
BTC update - Completed the 3 of 5 now. Bounce upwards to around 7350 for wave before finishing the final wave.
Pretty much still expecting the same until 7781 is broken to invalidate my count.