I am attaching my previous analysis, since this is just for educational purposes, not financial advise. However I like to admit when something isn´t developing the way I saw
The support on $9,780 was broken after more than 6 times of being tested, proving one more time that old technical analysis prevail. One support (or resistance) touched several times, is more...
A quick review on indicators specifically, 21-49 EMAs on RSI show a significantbear cross following the same behavior dron 2001 and 2008 recessions, get ready for an important correction on the stock market as I announced days ago.
BTC has entered into a no trade zone, Why I say this, because we need to cross up 50 EMA 1D which is now resistance, and quite a strong one. I know I said PRZ is around D point at 9k, our lowest so far was $9048 USD, very close to my prediction but I am expecting some acumulation below this price. Whatch your longs, set stops loss a bit tight. Trade...
If you try a nice short, congratulations, BTC is following the pattern pretty nice, stay tuned and expecting a nice bounce on D point, another option is to accumulate between X and D
Get ready for a long after this throwback
Guys and girls, take care here although it´s a Bullish pattern, C to D leg can take us to 6k, it will be a nice short though, please don´t forget it´s a high TF, I am not saying it´s happening right now, however trade safe.