On the Daily BTC fired long on the Godmode indicator over 24 hours ago; RSI bounced lower than on 3/31 at 6450; MACD Histogram rising, MACD curling up toward a cross; Resting upon and within a confluence of major fib levels...
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If you think its still just going to 9100...this is what that will look like...
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Hidden Bullish Divergence on the Daily
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You know what happens when these touch...
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MACD Cross on the Daily chart...
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7971 Max for Potential Wave 5...
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Previous count with potential impulse voided... Looking for double bottom at 7052...ever decreasing volume; currently bouncing off trend line from 5811 to 6450...
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4 Hour RSI shows move down looking like wave 3.
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BTC bouncing of trend line support (6522-7058) for Wave 4; 4 Hour RSI nearing previous bottoming lows...
The trend line was broken with BTC falling below 6450...Count to be updated...
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A bull wick would have been ideal in breaching the trend line but the current daily candle is only showing indecision with a loss in selling pressure but a doji or green hammer on the close will be the sign of possible reversal in play.
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Daily RSI below the low of 2/4/18...officially no mans land now...
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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.