after an increase in price of more than 513% in 41 days with high volume ETP is most likely to retrace very soon.
MACD is really high and forms bearish divergences in the histogram. In addition RSI is performing bearish divergences too and is in the overbought zone for quite a long time.
Strong bearish signals. Daily chart. Nevertheless I see a possible rise to...
EOS forms bullish divergences in MACD histogram + macd crossed over in very low area in daily chart, which is a buy signal.
It also retraced to the 0.618 fib level which is the level where cryptocurrencies most like bounce off.
Considering a possible starting bull season / rally in btc it is likely that eos follows with a big rise.
BTC is about to come down to the trendline of the descending triangle, after 3 times of rejection at the upper line.
The fourth time is most likely to break, this would mean we go below the YTL.
ETP is forming a double top chart pattern ( bearish ) and bearish divergences in histogram. MACD is about to cross bearish , rsi just left the overbought zone.
I assume a retracement to 200 ema line is likely, which would mean about 20% decline in price.
BTC & RSI form strong bearish divergences in the 15min-4h chart. We might see a dip around 7200-7500$ before we are (trying to) break the resistance around 7800$.
if we see an short uptrend we would confirm the very bullish cup & handle pattern.
Nevertheless there are bearish divergences in the price vs the RSI and EMA just death crossed. This makes it unlikely to complete the c&h pattern.
ETP is currently in a parallel channel upwards, it's heading towards the edge of the symmetrical triangle and EMA is about to death cross (or bounces off the 200 ema and remain bullish).
If we leave the symmetrical triangle downwards, I assume further price action towards the downside.
Both is confirmed either by the death cross or breaking the symmetrical...
Elliot wave is about to form wave 3, which is certainly the biggest wave of a cycle.
Also, the RSI is on an all-time-low!
We just recently touched the lowest of the bollinger bands!
MACD is in a bearish sentiment but the lines are about to cross to shift bullish again!
The histogram looks like it completed a cycle, too.
Is this the time to be very, very...
Elliot wave is about to form wave 3, which is certainly the biggest wave of a cycle.
Also, the RSI is on an all-time-low!
We just recently touched the lowest of the bollinger bands!
MACD is in a bearish sentiment but the lines are about to cross to shift bullish again!
The histogram looks like it completed a cycle, too.
Is this the time to be very, very bullish...
Even if point 2 is lower than the current low, we are just right before elliot wave 3, which is certainly the biggest of the cycle.
Add this up to great fundamentals and we can be bullish on btc price in the long run!
I personally believe the wave 3 is coming in the next 6-12 months.
*THIS IS NOT FINANCIAL ADVICE. INVEST ON YOUR OWN RISK*
