Bitcoin has not yet broken its high trend line, we can be in a C wave of a smaller cycle dropping at the bottom of the HTL and forming a new upward cycle, let's keep track.
Green Line = Buy zone
Red Line = Sell zone
Bitcoin is experiencing days of instability, we can be in a good area of purchase for this timeframe aiming at a sale in the area of the green line and with a stop in the line of 50% fib(breaking down this resistance the next is the red line and next 61,8% of fib) RSI and Sthocastic are almost in oversold giving even a small margin to drop more, the entry point...
Hello everyone, breaking the black line and then the green line, we can have these movements next. Indicators favorable to this movement are STOCHASTIC and OBV, the RSI is heading for oversold.
Thanks for commenting and sharing.
Hi Guys ,
We have now an importante resistance zone at the green line , if the next candle break with a good volume we can reach $14.000 or $16;000 again , If the next candle does not succeed in breaking resistance, we can get prices around $9.000 or $6.000.
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The second analysis of ethereum, this time on the eth / tether pair, I believe we may be witnessing the wave B of Elliot waves, reaching values in the range of $ 840 which would be a retraction of 61.8% of wave 5 and then a possible resumption into the $ 1040 band forming the B wave, stay tuned.
We are probably in Elliot wave 5, I marked the possible targets of the end of wave 5 because the RSI is already within the overbought zone, we may not even reach the end of wave 5 since we have not yet broken the resistance and the stochastic indicator is showing a divergence, thus allowing prices to reach lower support.
The target after the fork is the range of point D (18400/18800 ) if the price surpass the resistence level (green line), After the price reaches the point D range it may fall.
Warning: This is not a trade recommendation.