BTC- Three White Soldiers Pattern?

BINANCE:BTCUSDT   Bitcoin / TetherUS
Hey everyone, today I will bring you my perspective on this rally.

First, I can see a Three White soldiers pattern formed , with the only noticeable problem being the Volume dropping a bit while rallying.

This pattern is common to see after a strong downtrend, indicating a possible reversal in the trend.

We can also see that a Bullish Divergence as occurred ( RSI ) , and that volume was dropping from 20th November till 16th December 2018, which indicates that the downtrend was losing strength.

According to My Fibonacci Analysis, there's a possible resistance in the blue rectangle (5740-5840).

The odds are now in favor of going long rather than short, at least for a short-term.

I will keep updating!

If you want to share your ideas , comment down below and like if you enjoyed this analysis.
Comment: Rejection in the Symmetry projection Fib 1. , look at that shooting star that formed with a huge volume, that's an "anomaly" indicating that whales are not ready to push the market higher, there's still some selling to be done.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out