Regardless of what some traders believe there is a deathcross coming in BTCUSD chart. We need to keep in mind two things
1. Moving average are slow and lagging.
2. The render in trading view show them crossing but in another chart they are not
I wish oil will go up, but there is a great chance for this bearish flag to play out, also there is another higher chance that the bull flag formed in 4h will dominate the scene. Honestly, oil price was under high manipulation in the last few weeks. there is 50/50 we go down to 65.56 or will push high to 69.88
Think this market needs more time to finish the correction wave D of the major 5th wave, I will not trade this market until I see a break out above 8000 level and it is confirmed, otherwise we might test back below the support level 7000. we need to wait to see if the 5 wave formation happened in the major 5th wave
Technical analysis is a method for analysing the human behaviour. It is not the price or the technology what make things go up or down. Facebook is a simple web page and got bought every day. Looking at the BTC chart, I believe wave 4 is just finished and it is the time to go short and test the 6500 level. The reason why we got this wave was many brokers in...
In every single book I read about technical analysis there was one single statement all authors agreed on "Always look at the big picture" looking at the weekly chart of XRP with Heikin-Ashi, we can see the first bullish sign just formed. We need to see a second one above the 200EMA. KRAKEN:XRPUSDCOINBASE:BTCUSD