1. NEEDS TO BREAK RESISTANCE LEVEL AT 5200 SATOSHI FOR A LONG TERM BULLISH TREND
2. VOLUME IS LOOKING GOOD
3. RSI IS ON AN UPTREND
4. MACD IS ON ITS WAY UP AND NO SIGNS OF CROSSING OVER
WAVE 4 LOOKING TO RETRACE AT 4700 SATOSHI LEVEL
IF IT BOUNCES BACK POSSIBLE TARGET PRICE WILL REACH AT 5200 SAT.
BEAR SCENARIO: IF IT FALLS BELOW 4700 SAT POSSIBLE PRICE WILL...
4th wave is almost completed.
Waiting for reversal candle confirmation.
If it bounce at trend line then where looking for a bullish trade.
MID TERM TARGET = 700 SAT
Disclaimer:
These analysis are based on my newbie skills...
I'm not a financial adviser and these are only my opinions. I don't take any responsibility for any investments that you make based on my analysis.
