wave A of 2 was sharp and simple. Hence a different corrective pattern among exchange.
Ascending triangle wave B on bitfinex now completed near fib .764
Typical compression of the momentum while achieving this wave
Identical remark for the volume
MACD read of wave c (and wave d on smaller TF).
Expecting an even ...
5 impulse wave up
MA with bearish divergence
Running triangle during wave iii
Supported by a clear MACD read of top of wave iii and (iii) of v
RSI confirmation of top of wave v
Overall good proportion of subwaves.
Probable advance wave 1
corrective Fib level 0.618 of the previous wave down (E) ...
The triangle TL hold.
Also confirmed by a decreasing momentum and volume throughout Wave E.
Both picked up significantly to mark the ending of this wave 4.
There was a clear read of wave (c) and wave c on macd.
Surprisingly PA didn't overshoot the triangle TL, there was no false breakout. to the ...
Whether or not PA is a wave d or part of an advance wave (i).
A correction to fib .5 is expected.
On the hourly watching currently 432 as the support level preceding this coming decline.
If not, SL at 442.
Also, as the weekly macd and momentum are indicating a potential deeper correction, watch carefully.