BTC is taking correction after complete its 3rd wave and its correction of 4th wave , it already has completed A wave of correction and it is on way of B wave of correction and B wave is completing in 5 waves pattern (abcde). after this it will dump for C wave which will lead him toward Below 7k.
It's my thinking based on my learning.
BTC after 3rd wave in daily now ABC correction in Daily candles after complete A wave now in way of complete B wave and if we look in 4 hr candles this correction is going in way of symmetric triangle this will be restest of symmetric triangle trend line ,after complete ABCDE patteren it will go for next way of C wave of Daily Candle which may be go 4.2k to 4.4k...
#TRX Analysis is showing such a simple story
#EMA Strong Resistance
#Volume not Came
#W shape bottom due to this rest in down trending
#RSI showing Hidden Bearish Divergence
#MACD also showing Hidden Bearish Divergence
#Result: You can Short TRX with High Stop Loss on case Rejection of Divergence.
#Note: Simple Chart and Best understanding for Learners
#BTC is holding 200 MA if it break this then Trend and Fibo. support will be at 6.8-7k
RSI: RSI told it is near it's bouncing area of history, it should bonce from here because 8k is strong support and RSI is near to it's bonucing zone if RSI Break down this support then this can cause major crash of BTC and BTC will be break it's bullish...
RSI: RSI showing Bull Div. which is reversal sign in midterm not in Long Term
MACD: MACD Histogram also showing Bull Div. which is reversal sign in Mid Term
Volume: Volume is Not Yet Spiked, whales have not enter which will bring down after little bit up Because No Proper Reversal has been seen in any indicator in long run even Weekly and...
Ada is one of currency which follow strong fibo retrenchments as shown in picture it's history.
Some Basic points you will see that
RSI Div: RSI shows strong bull div. which is reversal signal
Volume: Volume is low that why there may be some fall of price to 0.7 fib level and then it will rise because of some Fundamental support
Next Month It's Road Map update is...