Symmetrical or descending? Tight consolidation No daily bearish divergence 4hr MACD appears to be towards bullish cross
Decreasing volume Daily bearish divergence Rising wedge projection possibly revisiting 10500 support BTC.D showing signs of weakness CME gap unfilled Bounce of long term trend line can fuel strong momentum going upward
BAT break out from long-term trendline
Decreasing volume Daily bearish divergence Rising wedge projection possibly revisiting strong support Too much optimism is also possibly bound to a correction Bounce of long term trend line can fuel strong momentum going upward
Breakout from long term trend line plus bullish divergence
long term bullish Once the contractive triangle is completed, the price must make a “thrust” that should be greater than or equal to 75% of the largest internal segment. On the other hand, this movement should not exceed 125% of the most extended triangle segment. The following figure shows two cases. In the first, we see that wave A is the most extended segment...
CME Gap at 9925 - 9665 that needs to be filled
Possible Short term rally prior to possible leg down