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There is a second chance, There is HOPE. [Potential Retracement]
Bitcoin
Short
There is a second chance, There is HOPE. [Potential Retracement]
By jamesaphoenix
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May 31, 2019
1
May 31, 2019
Have we reached the top or is 10k the top?
Only time will tell... However the following metrics are pointing me to 'believe' that we've reached a reversal point:
1. Volume has been slipping.
2. Bearish divergence in the RSI.
3. Ascending Wedge Pattern Forming.
Reload levels have been plotted according to the Fibonacci retracement.
I'm expecting the retracement to last 14 - 27 days before we enter wave 3 of the bull run.
Good luck trading and please do your own research!
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Harmonic Patterns
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jamesaphoenix
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