This is a follow-up of my analysis this morning. As you can see from the chart, its pretty simple. 4H RSI trend-line broken up, 4H Fisher turned up, bearish trend-line broken up.
Note
Were approaching Monthly Pivot and my target for this EW series, 0.68. I believe we will retrace to 0.64, but there are some large buy walls right now on Bitstamp and the buy/sell open orders ratio is significantly favoring buyers right now.Note
CLARIFICATION: 0.68 is the exit for Wave 3...
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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.