AlEnzzi

AlEnzzi

right transition cyle will be in sep. above MA200 watch Vol for confirmation of breakthrough of resistance(ma200)

AlEnzzi

BBands tightening indicating a strong move in either direction. Weekly EMA 8 still holds bitcoin breaking ATH on An Ascending triangle. BTC withdrawals from exchange indicating more HODLers. I'm Bullish.

AlEnzzi

HISTORY

AlEnzzi

b/c no stimulus testing 50MA RSI bullish MACD below 0 (Waiting confirmation) Nasdaq lots of RED bars (need more stimulus) many equities forming an H&S pattern in Nasdaq all deflationary (possible Liquidity event)

AlEnzzi

1. Forming a bearish flag 2. Elliot wave: Price could reach wave C (Fib 0.38%) before dropping down to 8480 (Fib 1.618%) 3. RSI on 2H & 1D chart hidden divergence = Bearish 4. MACD below 0 = Bearish 5. Volume: No confirmation yet #Macro related could justify the drop: Although many believe BTC is a non-correlated asset, it is still not immune to a liquidity...