Concerning fractal analysis for the bulls in the crowd. Compare the purple boxed fractals, the green and the red. Very similar patterns to how we topped last spring. If the pattern holds we are now in the red box and I would expect a pattern similar to what is referenced by the red arrows. Buyer beware ..
at 4h TF we can see btc forming a Descending Triangle Pattern and also there is divergence in RSI
i think btc go dawn more in comnig days
what do you think ? let me know
wish good trade to all...
Option 1) Long Bull trend. 1D Chart.
Market currently appears to show a bear trend in Elliot wave 4 of 5.
We are looking to enter on a confirmation bar moving higher from a wave 5 bottom.
This may or may not be lower than the previous wave 3 low, signalling either exhaustion or a shift in momentum to the up side. Either way, we would expect movement toward the...