Looks totally clear... Indicators are getting ready to smash Turkish Lira more... Macd on the weekly about to move to positive territory... Resistance from that trend line will break and pump the price up...
If this is the top of this trend as btc has repeated multiple times... this short is going to be profitable Disclamer : This post is not a financial advice and is just for educational purposes...
While everyone is waiting for 6800 - 7200 usd btc... we could be done with this correction... Bullish Divergence on 1 day and 4 hr Support found exactly at 1:1 extension of WX to XY
Doesnt look like it has room to fall more 1 hr and 4hr bull divergence
Nothing has changed the retracement looks quite normal....
There are evidences proving that our bottom is in As i have a chart on 2018 june that we will bottom near 3.4 k it has hit all targets Now we could be using our 200 W MA as support and start our accumilation period before we start a uptrend
Weekly indicators are oversold on 1hr If there should be a trend shift it should be now Next support area is around 26 usd A hedge trade on both sides with a tight stop loss will be a good idea here
1D RSI oversold and 4hr has a strong bullish divergence We are expecting a bounce from 4200 region to 5.8 k and form a descending trinagle for a final capitulation
1 week of consolidation and then we move up to complete our X wave and eventually fall down again to 3 k to complete our Z... Target for X wave is between 8.5 - 9 k...
A wyckoff is yet to happen and 1 W rsi has not reset itself frmo 3 years... we are not going to run untill we complete the cycle Till then enjoy shorting the market