BTCUSDT expectations for upcoming 3-4 days. Up, down, up
Currently we printed a low during the sell off. What can we expect further.
A> A bounce to recent highs
B> Turn back to lower low with a higher RSI on the 1 hr
C> A new move up for new highs
So what can we see here:
1. First, in the upcoming hours, we'll have a strong momentum up to the neckline of the M pattern on the daily (blue line)
2. We'll graduately bleed back and excellerate in the end to create a low
3. After that a new bounce will be there
4. A new lower low will be created, but with a higher RSI than the one in step 2
5. After that we'll see a bounce again
6. We've created a W pattern then and can expect the market to retrace back to it
7. Further continuation up to create a new high
A> A bounce to recent highs
B> Turn back to lower low with a higher RSI on the 1 hr
C> A new move up for new highs
So what can we see here:
1. First, in the upcoming hours, we'll have a strong momentum up to the neckline of the M pattern on the daily (blue line)
2. We'll graduately bleed back and excellerate in the end to create a low
3. After that a new bounce will be there
4. A new lower low will be created, but with a higher RSI than the one in step 2
5. After that we'll see a bounce again
6. We've created a W pattern then and can expect the market to retrace back to it
7. Further continuation up to create a new high