emregungor85

emregungor85

short trade

emregungor85

In recent days we observed an Gartley formation and it represented us a nice drop to fib 0.5 to 0.618... then this means that gartley pretty fits well to the bitcoin structure !

emregungor85

Divergence on CCI indicates a considerable increase of BTC, however Bollinger bands has been narrowed enough and the trend is heading down. 4H crossing on MACD represents an increase too. Coming 20 hours is very impoartant !

emregungor85

Fibonacci indicates the movement exactly if the trend will be remained in the channel. After 3-4 days later we need to get 18.8k ...

emregungor85

When you look into RSI chart, you will see a divergence which means there will be some fall in coming hours

emregungor85

Considering the MA lines on a daily chart, we see that a small correction still remains heading down to 13.4k. Crossing of the curves of MACD take some time to get a bull trend ! Therefore it would be better to take position around 13-14k and pay attention to the end of 4H EMA charts.