Waves bottom reached or one more leg down before a reversal?
We need to pass the EMA 50 resistance line (orange line) in the 4HR chart to break the falling wedge, but I think the bears will take Waves one more leg down to the bottem line of the falling wedge before we will see a pottential reversal.
RSI and Stoch RSI indicators are telling me we take one more...
Bitcoin is searching for a new support level after the important purple trendline was resistance was to big.
We probably see BTC find support in the green box on the 200 EMA and 0,5 FIB level. Best for BTC is to bounce in that green box and try to penatrate the purple trendline witch would make BTC bullish again after several months.
The Daily TD indicator is on...
Is this the right bottem prediction? Lets see what BTC decides...
The Tom Demark indicator works with a setup count of 9 bullish candles or bearish candles before a 4 candle correction. I made this prediction on the 4 hr andles, because this setup works great with BTC.
Stratis might bounce up for another leg if it will find some decent support.
It will probably find some support on the 1st support level @ 118k, if it fail it will test the second support level @105k.
1st support level 4HR:
- Historical support
- MA 50 and MA 200
- Cloud support
- Fib 0.382% level
2nd support level 4HR:
- Historical (heavy) support
The Waves platform is a very good project that is undervalued at the moment. The Waves platform is a solution for storing, trading, managing and issuing your digital assets, easily and securely. It is the world fastest blockchain at the moment with the Waves NG protocol. The roadmap for Q1 2018 is looking great!
- Smart contracts (non-turing)
- Hardware wallets,...
Bitcoin isn't looking that great at the moment. It can change in due time, but i'm leaning bearish at the moment.
This is why:
- BTC tested the heavy resistance (pink line), and it got rejected
- BTC touched descending triangle bottem many times.
- BTC created a bearisch triangle
- On the 4HR BTC is creating a bearflag inside the bearisch triangle
I'm bullish when Ripple will bounce on this important Fib level and trendline and can cross the high of yesterday at 14k satoshi. Some news may take Ripple to new ATH's in the near future. Nice buying opportunity IF it bounces on the trendline (but don't forget to place a stoploss under the trendline).
Yesterday the Daily Demark counter closed on a green 1, witch...
Possible Eliot 12345 waves. We just finished the first wave on the presentation from the new Waves Client 1.0. Next wave could be the NG protocol that will be activated after a fork arround 22 december.