BTC 5 wave impulse to 4100 before resuming downtrend?
Classic Elliot 5 Wave idea, which might lead BTC to retest the resistance in the 4100 area.
The 4h chart is currently showing strength, supporting a possible push to 3800 as wave 3 of the structure:
- 4 green candle closes in a row
- RSI bullish divergence in the making, depending on next close
- RSI has broken through persisting downtrend line
- MACD supporting upwards movement
- High trading activity at current price level (VPVR)
The 4h chart is currently showing strength, supporting a possible push to 3800 as wave 3 of the structure:
- 4 green candle closes in a row
- RSI bullish divergence in the making, depending on next close
- RSI has broken through persisting downtrend line
- MACD supporting upwards movement
- High trading activity at current price level (VPVR)
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