Looks like it is forming a big falling wedge that can result with double bottom and bullish divergence on a daily timeframe. This would be a strong reversal signal before next big bull run, but let's wait and see. Good luck!
Open long 0.00620000 Close it between 0.00850000 - 0.00860000
A sleeping giant slowly is waking up from the long winter bearish sleep that took more than 2 years since the last big pump. Will that happen again, did we touch the bottom? If we look at the BTC and its bullish divergenece on a daily timeframe we'll see just a rise and higher highs that starts the parabolic move. Such a move will lead us to broke out a resistance...
Bullish Divergence on a daily timeframe and price bounced from 0.618 fib.
A falling wedge and divergence looks bullish to me for BTC!
We are below 200 MA daily and we are in the bear market again. We could see a short term bounce till 200MA or till the resistance that could be strong and lead us to $6k where wedge could break out in Decembar like last year.
Daily chart is showing a bullish divergence and we just touched strong trend line that is going slowly up! As opposed to the BTCUSD chart that is looking very ugly, that might be good for ALT to recover.
The horizontal triangle is a pattern that consists of five sub-waves form A-B-C-D-E wich reflects a balance of forces and travels in a sideways pattern. The sub-waves are corrective and form patterns of threes ABC.
The horizontal triangle is a pattern that consists of five sub-waves form A-B-C-D-E wich reflects a balance of forces and travels in a sideways pattern. The sub-waves are corrective and form patterns of threes ABC.
If we are in rising wedge we could have a double top and hopefully the ALT season.
Waves is getting ready for a massive pump.
I expect one more leg down to pick up other traders, otherwise, run out of fuel. As Elliot waves theory says after 5 waves we need to see ABC correction. Let's see if that is true ;) Good luck!
A bullish pennant is forming and we can see the the break out very soon.
The rising wedge should be playing first, after that, we should have H&S pattern. Some of the whales moved 18,900 BTC to Coinbase address. Here is the link whale-alert.io/transaction/bitcoin/b0fb6a269226467d6198fd2a1ebbc2761554585fbf3997200e6b85db52ed85a1 Does this mean we will see 7k tomorrow?
A small retrace for ETH as opposed to BTC that is going more down till around 6k (golden retrace) during ALT season that is pushing ETH higher. Be patient and wait for an opportunity. Good luck!