We were facing the correction wave of the first wave from 7.2
My prediction, no advise:
1. We were in a flat bullish ABC correction and now in a first impulse wave, with roof at 8.9-9.0, then retracement and support on the resistance line from 22 december and again 5 wave to 9.2-9.4.
2. Or we are still on a correction wave to retrace to 0.5-0.618 FIB from the 72. bottom, probably bouncing at 7.8-8.0
RSI and MACD are neutral, but almost crossing MACD to bullish view and RSI supporting great, I tend to think is getting bullish.
My prediction, no advise:
1. We were in a flat bullish ABC correction and now in a first impulse wave, with roof at 8.9-9.0, then retracement and support on the resistance line from 22 december and again 5 wave to 9.2-9.4.
2. Or we are still on a correction wave to retrace to 0.5-0.618 FIB from the 72. bottom, probably bouncing at 7.8-8.0
RSI and MACD are neutral, but almost crossing MACD to bullish view and RSI supporting great, I tend to think is getting bullish.
Trade active
Seems to be that BTC is following the first option. I calculated 8.944 before retracement, but, as you know, guess to the dollar is just a gambleTrade active
Seems to be that BTC is following the first option. I calculated 8.944 before retracement, but, as you know, guess to the dollar is just a gamble.Note
We are in the third wave, and, inside this wave, the third subwave got an 1.6 extensión more or less, so I suppose 5th wave is going to end around 8.9-8.95, coincident with a big resistance in the recent past, ending there the third wave.Trade closed: target reached
So last 30min candle reached my target, now, i expect a down to 0.5-0.618 fib retracement (8.7-8.6 area) before facing 9K. Maybe 8.9 is not the end of this fifth wave, maybe is extended...but, whatever it is i don't think is going further than 9.4...
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Disclaimer
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.