Wave 5: Wave five is the final leg in the direction of the dominant trend. The news is almost universally positive and everyone is bullish. Unfortunately, this is when many average investors finally buy in, right before the top. Volume is often lower in wave five than in wave three, and many momentum indicators start to show divergences (prices reach a new high...
Wave 5: Wave five is the final leg in the direction of the dominant trend. The news is almost universally positive and everyone is bullish. Unfortunately, this is when many average investors finally buy in, right before the top. Volume is often lower in wave five than in wave three, and many momentum indicators start to show divergences (prices reach a new high...
From observation when ever a positive trend breach has occurred it is followed by a positive price increase, inversely the same is true when a negative breach occurs. this has been proven in my last few charts.
The same is true when the price holds for long enough to breach the trend line as positive or negative and a subsequent buy or sell normally follows,
as...
Possible breakout
If it breaks 10200 its going long momentum is on its side, so is time at this price.
again BTC could walk its self into position to retest next fib line
Last major resistances at 10600 and 11100. and falling trend line based on peak prices 17/12/17, 7/1/18 and 21/02/18 possible correction end line at 11300 and the longer we take to get there the lower that line gets.
Last major resistances at 10500 and 11100. and falling trend line based on peak prices 17/12/17, 7/1/18 and 21/02/18 possible correction end line at 11300 and the longer we take to get there the lower that line gets.
