I prefer simple look on #BTC, as it is obvious, we have a negative divergence on the chart by RSI indicator on daily time frame, therefore if uptrend line lost, then we expected to see more retracement up to blower lever about 48000 or even worse than that
On this chart, I put "tend-base fib time" on the base of red triangle, at the same time we have a historic resistance on 0.0048240, which is now play as a Icy wall (like Game of Thrones), it is challengeable mountain for climbing up.
The base of the triangle begins on 19 Feb, however by occurred waves, The vertex of the triangle would be about 30 Mar, therefor up...
After 20 days, BTC hit the new high around 61781$, but yesterday as expected the first trend line at one hour frame time missed, then retraced to about 50% of last wave, now if the second trend line at 4 hours miss too during next coming days, after that we should expect to encounter with blow prices, the situation got worse for next uptrend, It does not seem...
