RobLee56

RobLee56 Updated 

Hi fellow traders, Bitcoin had a good rally and is starting to retrace. Looking at a 2h chart, I expect it may retrace down to right above .618 fib level where we had a resistance on Apr. 4th (+9 GMT). This area is also right above the downtrend line, so it would be a good chance to test the trendline. I think this would be a reasonable and healthy correction...

RobLee56 Updated 

Hi, fellow traders, We are looking at a Bitcoin 4h chart. While majory of people were expecting a break down last night (GMT+9 my time), Bitcoin unexpectly breaked up. It went up above the uptrend line (the green). After that, it was clearly rejected by 55 ema (yellow). Although Bitcoin is sitting above the green trendline, it is still within a falling wedge...

RobLee56

Looking at a chart of Bitcoin, I noticed a double top on RSI. Looking at historical data, sharp price drops have been seen when we get a double top on RSI. MACD, a crossover is about to happend, loosing momentum. We are going down for now for sure! Safe trading all.

RobLee56

Hi fellow traders, We indeed hit the previous resistance line (horizontal yellow line) then stuck at .786 retrase line from ATH (white horizontal line). We still have about less than 30 mins to close the current candle, but we won't get through it unless bulls hit it again with serious volumes. We are still stuck in the small downtrend channel. I will wait for...

RobLee56

4h chart. I hope this EW count works out.