To complete my previous analysis I post this idea, so first of all please check my previous analysis that I linked in this post. BTC can touch its midline in the correction wave 4,3,3.we have big volume too. Tell me your ideas ,Thank you.
Now we are in a sensitive situation we may have a divergence in MACD and we are in a heavy resistant level in RSI. By the wave analysis, in my opinion we are in third wave of 3 of the third wave of the main wave (3,3,3). and we could have a correction wave 4. support levels is shown in the chart by the fibo retracment . if BTC pulls down we can a see a divergence...
CMG has had a helluva run, but I am of the opinion that it is reaching the top of it's 3rd Wave up, sitting right at the 1.618 fib extension of Wave 1. Also very near current channel resistance trend line, which adds to the short idea. Personally I look for the pullback to drag CMG back down to the low 600's, around 615-620 area most likely. Crazy as it may sound...