One potential scenario for BTCPAX in the mid-term based on EW and sub-wave, trend- and fib-analysis.
BTC may be in a mid-term wave 4 correction (ABCDE), possibly forming a downtrend channel with buy opportunities at 4700 (0.618) and 4400 (0.5) fib levels - reaching 4400 in early May. After touching mid-term uptrend-line at that point potentially price may...
Es un análisis de patrones en el precio, teniendo en cuenta la fuerza que subyace al cambio, mediante ADX y tendencias cercanas y lejanas , soportes y resistencias cercanas y lejanas y probabilidades actuales.
Note how volume response to support and resistance violation on chart. Support moved up, so next bullish bounce should be from 3970-3980. Lower values will take it back to ~3940 - 3900.
Fingers crossed for breakout
Currently Bitcoin is retracing to 3950. It is a good zone for bullish continuation of current trend. Possible fall to 3900. It is strong support and should become a solid base for future growth. In general I am bullish and it seems that all the market is.
Here we go, Bitcoin is ready to pump or dump again. And at this point it looks more towards dump than pump. Resistance at 3810 holding the price from growth. Below is month support and channel middle line (approximate). I'd say, if it fals below 3789, we will see another long red candle (or wick, if it pumps back again). On...