A lot of folks don't like to trade using RSI, but I have found it has been a great indicator for bearish and bullish divergence. In this case it caused BTC to drop out of the ascending triangle/wedge. Looks like a 20-30% pull back to ~$42,000 before consolidation until end of March maybe??
Toughts??
Dear traders,
bitcoin will touch 47800 again. Then we will go up.
ohh about this dump: F2pool is the bad guy. if you join these people: GET OUT!!!! Diamond hands!!!!
Good trading,
Hans
Update my chart ...
Full count last wave for up ....
In this time wave 4 green is flat / correction / running or expanded, because wave 2 green is zig zag.
First of all this was me doodling and playing with the chart so please don't get to fired up I'm a noob and this was something i came upon. Each btc/usdt bull run has been the five waves up followed by a large correction. Bitcoin is currently on that last wave in this bullrun. Will it end here at this trendline from the first bullrun and have a large correction?...
1. Bitcoin next major resistance 53,078.25
2. My view Gamma A is the more likely scenario (as what go up must come down) but I don't have the ability to predict future so I could be wrong
3. My Robot Trader aka Killer Whale Strategy is so let's see what he will do next
4. Please don't take this as buy or sell advice. Trading is a high risk venture so do your...
By checking the Bitcoin market cap chart and RSI on that and also as you can see on the 1H chart of Bitcoin seems we had just a fake break on the channel and also like a trap on the resistance line that all together can show us it's time to put short!
But there is also still new hungry guys looking to buy bitcoin can move it up by entering new entries that you...
the Fibo time and inside pitchfork for Potential measurement and feasibility study over the predictable range.
As you see the chart, the potential of movement has increased rotationally but continuously during past months.
I believe the interest of traders , investor and even the speculators has stablished over this popular cryptocurrency and the out channel...
