BTC has been going all haywire for low time frame traders and has been very confusing all this while to guage a direction. This is where this indicator, "Point of Return" comes into play.
On this analysis with this indicator, i intend to guage the entry for a trade with an accuracy of a sniper. So far, so good.
On 4H timeframe i have drawn various S/R based on...
BINANCE:ETHBTC has completed full retracement since 4th December 2017. Price is currently is retesting the last support.
We are due for a bounce.
Bounce of from yearly support
Sitting on APEX of the downtrend.
EVEN IF THIS IS NOT THE BOTTOM, WE ARE DUE FOR A BOUNCE.
As much as it looks like a clear uptrend, RSI is moving down against price moving up for RVNBTC .
IT'S CALLED BEARISH HIDDEN DIVERGENCE - COMMONLY KNOWN AS BULL TRAP. MOVING DOWN TO LOWER TF WILL PRINT A BETTER PICTURE OF THE CURRENT SCENARIO.
I do not want to do over analysis on this and tried to keep it simple and on point.
I also see this small uptrend as...
BTC Is in super tricky zone, which just bounced off of last year Sep '17 support .
This might be the bottom we are waiting for, unfortunately we do not have confirmation .
If that trend is not broken and retested as support, this last correction wave C can be further extended to July '17 support which will lead us to ~2500 range for COINBASE:BTCUSD...
Analysis based on pure PA and RSI. Trends drawn from Monthly/weekly support and resistance.
0.382 is the target for BINANCE:BNBBTC in coming weeks.
BUY ZONE in Golden Pocket is the extreme range for BNB/BTC. For now its temporary long ( correction).