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IF BTCUSD breaks Orange 236 Fib , $6483.6, it will try 500 Fib which is a former support line turned resistance; $7182.7
There's a high chance of starting a new run as of now, due to high BTC dominance and super lows on Altcoins.
Also the crossing of 2 resistance lines meets at 500 fib.
If a succesful break of $7100s happens then our next target is $9100s of ...
BTC at an important resistance line and 236 at the same time also trying to push over the green support/resistance line.
We may see alts losing some traction soon to give the BTC needed push over the 236 fib all the way to 618 fib.
Also, BTC may leak to 8500s but that's OK, it's the dip.
Text book 1,2,3,4,5 and A,B,C correction incoming
Holding by the major major major support line from the big bang times, if it breaks it goes down very hard, very unlikely...
But! It won't break, RSI is super low, former resistance became support and BNB has great projects such as DEX and platform in the pipeline.
This is the beginning of the Bull, hold on to your seats!
If it breaks and goes down, we still ...
IF we don't get FUD or really bad news like it happened at the succesfull break though at 11000s we have our new channel upwards.
More info https://www.tradingview.com/chart/BTCUSD/KHvWRrop-2-resistance-lines-to-go-Up-to-date-Fractal/
BTC has 2 more major resitance lines to break.
3 touches on the major downtrend line so far, so next one should break though.
It broke purple one and used it as support and now pushing for red to break through and establish as support afterwards.
Good news is we are forming another upward support trend line, since the other 3 were failed to establish as a ...
ZEC has great amounts of volume and RSI has signs of reversal.
1D MACD curling up and broke through several wontrend lines and used them as supports
It needs to create an upward channel to push for 236 fib at 3380000 sats
Always used the downtrend resistance as support after breakout except when it touched the bottom.
AION has 1 smaller downtrend line to break and use it as a support to push through major downtrend line and try 236 fib at 3775 sats.
It has touched the fib 3 times so far and pushing down to accumulate, good position to add more for Long. Price may drop little but ...
382 Fib and downtrend line major resistance! 2nd time in 1 week, it bounced back.
RSI stable and MACD bullish.
We need alt rally to create more BTC to buy more and push it through.
2 resistances to break around 10000s, after that 12700s and 14000s
Buy zone around 3250-3150 and sell for 3600s, wave 5 may fail because of high resistance.
Long term 5700s
Tapped on the magenta trendline 3 times and went down to touch the bollinger.
MACD and RSI bottoming, waiting for market confirmation.
NOt a signof reversal yet, but definitely repsonding to touching on bollinger and trendline, RSI dipped and MACD stabilizing on bottom.
WAiting for market confirmation, as one of the coins with a big marketcap, when market turns around, it will turn around, too.
1D MACD curling up first time ever!
Possible cup and handle formation!
Elliot wave is not precise is just to give you an idea of possible movement.
3rd Wave coming! get ready for new ATH!
RSI almost in oversold zone
MACD bottoming out
Broke down of the previous wedge and now stuck in another.
3400 is very important support.
Market is getting bullish and ADA will follow as one of the coins with biggest market caps.
We will see MACD curling up in the following days.
Even if BTC does go fractal, end of the year $30K+
1D MACD curled up and stayed above, out of the wedge and consolidating on 236 Fib.
Will test 382 Fib