mdillonaire

mdillonaire

BTC has formed into a rising wedge on an uptrend, a common trend reversal pattern. This pattern has also formed at the top of a trend channel while creating negative divergences on the stochastics, MACD, and RSI. These are all bearish indicators. Based off fib time zones of the previous bottoms, I am expecting BTC to correct within the next few days and fall to...

mdillonaire

I wanted to give you guys more of an explanation as to where i think BTC is heading and why to go with my previous chart I posted.

mdillonaire

BTC just finished an elliott 5 impulse wave cycle and looks to be starting its 3 correction wave cycle. I would excercise caution trading BTC during this time as well as alts. Market looks to be entering a bearish cycle. Ealier this year BTC had completed a 5 impulse wave cycle followed by about a month bearish trend and finally completed the 3 correction wave...

mdillonaire

BTCUSD has formed a downtrend channel after making new highs and bouncing off the daily up-trend line. Currently it is sitting near the top of its trend channel after bouncing off the daily trend line. Short at the rejection of the top of the channel to the daily trendline with a stop at the break upwards of the trend channel. I believe for the next week or so,...