Once again 4-hour chart for Bitcoin sorting out bullish regular divergence on RSI and price action showing a high possibility of forming a symmetrical triangle! If so... Wave E is coming and then we will see what happens.
Would be healthy for the chart to drop to 8000 levels, but the symmetrical triangle can go in any way as a neutral pattern.
While Bitcoin trading sideways, it is good for altcoins, but be prepared to raise your stop-loss for alts, cause soon major movement should happen and it would be better to hold Bitcoin rather than alts...
Just be careful and be ready to react.
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Would be healthy for the chart to drop to 8000 levels, but the symmetrical triangle can go in any way as a neutral pattern.
While Bitcoin trading sideways, it is good for altcoins, but be prepared to raise your stop-loss for alts, cause soon major movement should happen and it would be better to hold Bitcoin rather than alts...
Just be careful and be ready to react.
If you find this idea helpful, leave a like, comment and follow us on Tradingview & Telegram!
If you want to join our signals and get these ideas first, feel free to PM.
Comment:
Okay, didn't expect that...
