RSI just confirmed the breakout,
Most indicators are now reset, so there isn't much else to say
I have 3 TP above where price might turn
Looking at alts such as IOTA, BCH an XRP, i'd say wave 3 was probably the top of wave 1, this count would bring us to the target on top
Most indicators are now reset, so there isn't much else to say
I have 3 TP above where price might turn
Looking at alts such as IOTA, BCH an XRP, i'd say wave 3 was probably the top of wave 1, this count would bring us to the target on top
Note
483 reached, priced starting to turn, minor RSI divergence on m5will post more update once price set for a new high
Note
1)candles pattern
We have a huge long legged doji, followed by a hammer
Indecision, reversal is what it suggest
2)indicators
We pierced the BB, that's not always a sign of reversal but can mean the start of a new trend
other indicators show very little, but watching for a break or rebound at previous low on RSI
3)fib
We corrected to 0.236, that would hint toward a wave i (perhaps of 5)
4)trend
We are right above the demand trend line
And retested the resistance top trendline of the triangle
Personally, I feel like i've been watching sell wall pushing the pricing down for the past few days, but more buying seem to have taken place.
This is mainly true for alts, where i've noticed it more clearly.
But to be honest, looking at facts this is 50/50 and my guess isn't any better
Note
I saw the top and a pullback but I didn't expect that much of a pullback!
Went quiet a bit below my target at 434
And my first one at 483 was just so shallow...
Eth didn't have a double bottom (like BTC) near fib 0.5 to protect it's fall, and ended up toward fib 0.7.
If BTC were to fall again we would probably near the last blue line at 100%
Not much going on right now, BTC is showing nicer reversal hints in comparison to ETH.
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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.