This is a possibility. If we break 11600 and 13000 this is a highly probable scenario.
Chart says everything. Major resistance at 660 - 700s
Bitcoin targets: target Low - 10000 psychological level + daily MA100 resistance target high - 11600 Falling wedge rule
Bullish MACD divergence. Now support on MA100 target 100usd
As we can see on the weekly chart different indicators suggested this strong correction: - weekly RSI divergence - volume divergence First strong support id the weekly ma50. We will have a temporary bounce. Then sideways until we kiss the lower channel Before the next bull run begins weekly MACD and RSI need to cool down This will take time, up to beginning of August
As we can see in 2014 we had 3 attempts to bounce and reverse the market. - weekly MA50 - weekly MA100 - weekly MA200 We should look closely at these 3 indicators to find a significantly support that can reverse market
Technicals of a WW: 1 - Points 1-2 should be FARTHER apart than points 3-4 2 - Point4 should exist WITHIN the range of Points 1 and 2 3 - The lines defined by these points should be referred to as Line 2-4 and Line 1-3 4 - Line 2-4 and Line 1-3 should CONVERGE always 5 - IF Lines 2-4 and 1-3 converge DOWNWARD (as in this case), expect a significant rally to...
BTC in a Wolfe Wave Geo. target line 1-4
Wolfe Wave technicals: Technicals of a WW: 1 - Points 1-2 should be FARTHER apart than points 3-4 2 - Point4 should exist WITHIN the range of Points 1 and 2 3 - The lines defined by these points should be referred to as Line 2-4 and Line 1-3 4 - Line 2-4 and Line 1-3 should CONVERGE always 5 - IF Lines 2-4 and 1-3 converge DOWNWARD (as in this case), expect...
Seems we are the end of A of the second ABC correction. Also we have support of daily MA200
Neo bouncing from daily MA200 target 100 usd
I think we could see a last leg down that will find support at the historical uptrend. This will also provide a bullish macd and rsi divergence on the 4h
Btc painting a HS within the downtrend channel. We need to break and close above 4h MA100 to see some light. Breaking HS neckline target is 5000 usd
If we look eth history we can see that after a strong impulsive wave we had a consolidation triangle before moving up to new highs.
Bitcoin is bouncing from daily MA50 & 4h MA100. We broke downtrend with a daily bullish candle. here are new targets: - Daily MA100 - 14k