I think so, a long consolidation of ABCDE patterns was completed and the price broke with the bearish resistance.
You can only show that if you place the TA scale in log mode.
Now we have started with a new bullish pattern and good volume.
MACD is positive over zero.
KDJ is good.
ADX is a strong over 25.
A pullback can occur, be careful.
Hi. Is easy to know how much the price go up after break a trend, Tom Demark say "The Market is like a mirror" in this case I have calculated the max price that btc could reach and BUMP the reflector in BTC marker is not the exception. In conclusion the price will go down again.
Just DGD have made a full retracement and test 0.61 fibo, if you see the chart MACD and RSI are crossing up and becoming positive, the volume is no so good but in crypto bumps are commune and the price earn fast volume. This coin promise good fast profit. One month ago when the BTC fell down this coin was in a rising rally. Fell free to comment and follow this...
Hi guys, this is my BTC 4h graphic and I want to share it with you.
BTC may change the trend in a short time, because the main trend of ABCD has broken up and can make a retracement to complete the WY trend.
The green line is a resistance that the price is testing now.
If you see the MACD both line are crossing down, also the overbought is decresing