based on Renko. also bolinger bonds and stoch RSI, it looks buy opportunity. Also in 5min candles you can see possible ascending triangle pattern. wait until 0.563 which is bolinger band moving average. then buy
It has high chance to meet log fibo support and 0.5 fibo line at around 5.65 then pull back then fall again to lower fib channel. always look at long history not short histories for example what you see in Robinhood
situation is obvious. but based on stochastic and also VET/BTC situation I see a higher chance of braking top line. another strategy is be careful and deal with it in the triangle.
Thanks for like and follow if you liked the idea
BTC Eliot wave is going to be completed soon. maybe double top at 8360 or even can not reach it. then retracement at least to 61.8 fibo which is $7050
recently BTC acts simple and no need to think complicated. lets see what about this time!
chart on Binance and price is based on that. adjust to other exchange prices for yourself
at least T1 around 2700 strong signs for it
T2 2550 maybe but low chance
T3 crazy! breaking the long time fibo channel to retest the previous low? very low chance
T4 insane! super insane actually! If the market crashes it has the potential that history repeated. which history? look at the chart and I showed there. Super crazy though! There are very good...