Looking at Bitcoin on the Weekly chart
What we are seeing is not impossible. A clone of the last big drop in BTC has been cloned and projects a retrace to the 618.
*OBV is looking to roll over
*Histogram has rolled over below the 0 line
*Willy isn't stupid or over bought at this stage but it has been hovering in the bullish zone for a while now. It does look like its rolling over with the W%R breaking bearish from the 13ema.
*VPVR has a fair few notches that need filling
* The 200 and 50ma no where near a daily death cross
* I do see BTC playing in this triangle for some time. This time next year will be very interesting when it comes close to the end of the triangle.
If BTC breaks this .382 fib we potentially go down to the 618 with is an exact AB+CD from this current range.
Trade with caution
* Don't forget to hit that like button and follow me on Trading View and Twitter for more chart analysis :)
What we are seeing is not impossible. A clone of the last big drop in BTC has been cloned and projects a retrace to the 618.
*OBV is looking to roll over
*Histogram has rolled over below the 0 line
*Willy isn't stupid or over bought at this stage but it has been hovering in the bullish zone for a while now. It does look like its rolling over with the W%R breaking bearish from the 13ema.
*VPVR has a fair few notches that need filling
* The 200 and 50ma no where near a daily death cross
* I do see BTC playing in this triangle for some time. This time next year will be very interesting when it comes close to the end of the triangle.
If BTC breaks this .382 fib we potentially go down to the 618 with is an exact AB+CD from this current range.
Trade with caution
* Don't forget to hit that like button and follow me on Trading View and Twitter for more chart analysis :)
Comment:
The clone is this that im looking at
Comment:
BOOM!
Trade active:
Hate when im right, so many haters
Comment:
Short term play
