Hi guys, today I also update a new analysis for Bitcoin as my habit I wake up every morning and look at the screen with the first but also very important job is watching how Bitcoin and market going ? Did any thing change ? Or did anything opposite with our last analysis. All update for today will be updated in this post so please leave LIKE for this post and read it in below.
Okay let begin with our analysis today guys.
The first question is : Did anything change ? Yes, as I watching the market so we have small different with the last post analysis.
Last post in here:
But we do not have bounce back to 3500$ and break down to 32xx$ so at this time we have some small different.
Look at the chart of today guys. What we have ? Just keep the target in 2800$ - 3000$ .
When we break down the major support so we need to re-test it again before we keep falling down.
Consider in Elliot Wave so we just end of Wave 3 and prepare for up correction in Wave 4 and re-test the break out ?
Did you understand this part ? Comment in below for discuss.
So when we end of up correction in Wave 4 so we will keep falling in Wave 5 of Elliot - the last wave I think and we may find the bottom zone in here !
The bottom zone keep the same with many last post is 2800 - 3000$. And from here we are boom with middle term bounce back.
So let see 2 indicators are MACD and RSI.
Why we are nearly with the bottom zone ?
MACD - we are in negative zone but MACD cross up signal line and divergence will be happen soon when we falling down to 2800$ -3000$ and going up from here !
RSI - We also have divergence signal will occur in future but right now we touched upper resistance so we just have small bounce back and keep falling down before uptrend in middle term when we break up this pattern.
The target keep the same - THE SUN ( 4500$ - 4700$ )
Okay so today I has keep all you updated with small changes of market and how indicator working in future.
Spend time for LIKE this post for encourage me more !
THANK AND LOVE ALL YOU <3 <3 <3
Note
BITCOIN - LEGENDARY ANALYSIS - LONG TERM
Note
BITCOIN - WHERE WE ARE IN CYCLE ? - LONG TERM ANALYSIS
Note
BITCOIN - UPTREND OR DOWNTREND in 2018 and 2019 ??? ANALYSIS
Note
The similar of Bitcoin from the past
Note
Bitcoin - Overview in middle term - Bottom zone
Note
BITCOIN - Viewpoint in Chart Patterns - Last dump of Bitcoin
Note
UPDATE 17/12/2018
BITCOIN - ANALYSIS WITH MACD AND VOLUME
Note
Done wave 4 ! Congrate !
Note
Update Bitcoin Analysis 18/12/2018
BITCOIN - DID WE MISS THE OPPORTUNITY FOR BUYING ?
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.