reverse shoulder head shoulder was made. Still in bullish position, how ever you look. If price will hold, push up is inevitably. 1D MACD is bullish Bad scenario still exist, fall down at $6k or lower...
BTC still didnt break the line of the triangle. 1D of MACD is getting up, verry good indicator that shows IT IS GOING UP sooner or later. But before that BTC still can fall down again to $6k or even less!
BTC is still holding inside the triangle border line. RSI in MACD are in place to lift off and make new higher high. If that will be done and it get to point 5, ABC correction will follow. If it stays on the up trend line we`ll get another good position for starting higher high.
TRON is slowly waking up. There is some action and RSI is in good position for push for higher high. Potencial about 26%.
After first wave, BTC is on the run. He pass the triangle border, wich is bullish.
After 3 waves BTC is on ABC correction. Next waves can make higher high.
BTC will hit the lower low one more time, then it will have a opportunite to break the line up. Till then he could hit under $7000. If he will do the break up, he must go above $19k otherwise ABC will be done.
If uptrend line holds, new cycle can be done. Correction is good, RSI is ok.
If 3rd wave will lunch... potencial 35%
TRIG is done with wave 1, now is in the correction, perfect would be 50%, then back up to 3530 satoshis. Entering point: 2350 1 target: 3530 (52%) 2 target: 4608 (98%)
For now NEO is moving in safe zone. Upper triangle trend is allways good to see.
Some of the same pattern, just one way...the upper way. RSI (4h) in good position.
ABCDE is at the end. There i see only one way... Up.
This is just idea or should i say possible scenario, if i look at BTC in 1 year range, It could be, that this big January correction is just a ABC correction of a 1st big Wave, starting on July 2017. In that angle, BTC is on 50% of ABC correction. Hmmm...thinking loud.... Just My Opinion
It looks we are getting to E point, after then point 5 is next target.
10 days pic range view is looking good. Now on the way to the point 4 then back up with last 3ed wave.
Support line at $10500-11000 is holding position, but there is not enough income to make a break out. The E point is running away, but days are counted. There is a posible scenario which can hit the lower low with $8100 support line.