short term downtrend
Updated
BTC after a massive 12345 wave up is now pulling back
only A and B are done..... wave C remaining
there are many indicators that show that BTC is going to pull back .. i m surprised by so many bull to 10k calls thats why i m posting this
1. RSI bearish divergence (price moved higher RSI double top)
2. volume decrease after nice rally from 8600 to 9350 (bulls are getting tired)
3. elliot wave count
4. MACD
5.rising wedge
entry 8350(0.618 of wave AB retracement)
my target is 8600 - 8300 (previous support zone as well as fib extension 1:1)
bullish after that for another 5 elliot wave count.
feel free to leave a like
it means a lot to me
thanks :D
only A and B are done..... wave C remaining
there are many indicators that show that BTC is going to pull back .. i m surprised by so many bull to 10k calls thats why i m posting this
1. RSI bearish divergence (price moved higher RSI double top)
2. volume decrease after nice rally from 8600 to 9350 (bulls are getting tired)
3. elliot wave count
4. MACD
5.rising wedge
entry 8350(0.618 of wave AB retracement)
my target is 8600 - 8300 (previous support zone as well as fib extension 1:1)
bullish after that for another 5 elliot wave count.
feel free to leave a like
it means a lot to me
thanks :D
Note
so my entry was near perfect @9350no1 thinks i deserve a like?
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