RSI just confirmed the breakout,
Most indicators are now reset, so there isn't much else to say
I have 3 TP above where price might turn
Looking at alts such as IOTA, BCH an XRP, i'd say wave 3 was probably the top of wave 1, this count would bring us to the target on top
Most indicators are now reset, so there isn't much else to say
I have 3 TP above where price might turn
Looking at alts such as IOTA, BCH an XRP, i'd say wave 3 was probably the top of wave 1, this count would bring us to the target on top
Comment:
if the orange line break, 483 sounds like a good entry
Comment:
483 reached, priced starting to turn, minor RSI divergence on m5
will post more update once price set for a new high
will post more update once price set for a new high
Comment:
Bullish divergence on macd up to m5
bullish divergence on rsi up to m15
bullish divergence on cmf up to H1
Pinbar at the bottom
Followed by an outside bar
Second target reached at 479
fib 0.5 reached
We could test the blue support with one last move if we fail to close above the descending supply TL
bullish divergence on rsi up to m15
bullish divergence on cmf up to H1
Pinbar at the bottom
Followed by an outside bar
Second target reached at 479
fib 0.5 reached
We could test the blue support with one last move if we fail to close above the descending supply TL
Comment:
1)candles pattern
We have a huge long legged doji, followed by a hammer
Indecision, reversal is what it suggest
2)indicators
We pierced the BB, that's not always a sign of reversal but can mean the start of a new trend
other indicators show very little, but watching for a break or rebound at previous low on RSI
3)fib
We corrected to 0.236, that would hint toward a wave i (perhaps of 5)
4)trend
We are right above the demand trend line
And retested the resistance top trendline of the triangle
Personally, I feel like i've been watching sell wall pushing the pricing down for the past few days, but more buying seem to have taken place.
This is mainly true for alts, where i've noticed it more clearly.
But to be honest, looking at facts this is 50/50 and my guess isn't any better
1)candles pattern
We have a huge long legged doji, followed by a hammer
Indecision, reversal is what it suggest
2)indicators
We pierced the BB, that's not always a sign of reversal but can mean the start of a new trend
other indicators show very little, but watching for a break or rebound at previous low on RSI
3)fib
We corrected to 0.236, that would hint toward a wave i (perhaps of 5)
4)trend
We are right above the demand trend line
And retested the resistance top trendline of the triangle
Personally, I feel like i've been watching sell wall pushing the pricing down for the past few days, but more buying seem to have taken place.
This is mainly true for alts, where i've noticed it more clearly.
But to be honest, looking at facts this is 50/50 and my guess isn't any better
Comment:
I saw the top and a pullback but I didn't expect that much of a pullback!
Went quiet a bit below my target at 434
And my first one at 483 was just so shallow...
Eth didn't have a double bottom (like BTC) near fib 0.5 to protect it's fall, and ended up toward fib 0.7.
If BTC were to fall again we would probably near the last blue line at 100%
Not much going on right now, BTC is showing nicer reversal hints in comparison to ETH.
I saw the top and a pullback but I didn't expect that much of a pullback!
Went quiet a bit below my target at 434
And my first one at 483 was just so shallow...
Eth didn't have a double bottom (like BTC) near fib 0.5 to protect it's fall, and ended up toward fib 0.7.
If BTC were to fall again we would probably near the last blue line at 100%
Not much going on right now, BTC is showing nicer reversal hints in comparison to ETH.