martin242

martin242 Updated 

We are clearly close to a big move in BTC. The price is narrowing down a triangle with volume reaching very low levels again. Last time it happened we've experienced the break from 6k to ~3k. Also the blue box area shows what might be starting to look like a Wyckoff accumulation pattern supported on the weekly 200MA (not in the chart above). Normally, after...

martin242 Updated 

Based on the TDSetup indicator the bullish run is exhausted on the 4h chart. We have a green 9 indicating to sell. RSI is overbought. Expect at least a few hours correction.

martin242

I've drawn the support and resistance trendlines for the few past hours. I guess I will only do my trade once it breaks out one of those lines. 50 MA looks like going to cross the 200 MA downwards tomorrow. Seems bearish. We'll see.

martin242

Based on the daily chart we can see many signs of bears taking control. I'm using TDSetup&Countdown indicator which shows a green 9 which means the bulls got exhausted. There is a The RSI looks oversold and going down. The MACD is about to cross downwards. Let's see where we find the support.

martin242

Based on my analysis we've entered the 4th Elliot wave period after 3 perfect waves. Each wave retraces to the half of its height and then a new wave doubles the previous one. All respecting support and resistance shown at the Fibonacci Retracement tool. The current wave is forming which should double the previous one taking BTC to moon in the next...

martin242 Updated 

Based on my analysis BTC will correct to around 4100 levels before taking off to new all time highs.