This BTC corrective pullback from 9550 approx is very much ZigZag corrective wave so whats ZigZag ? its... 5-3-5 A-B-C (1235)-(abc)-(1235) - Subdivision of A and C is 5 waves, impulse or diagonal -B can be of any corrective nature Fib ratio relationship: B = 50, 61.8, 76.4 or 85.4 % of wave A C = 61.8, 100 or 123.6% of wave A So if we look into these...
BTC getting ready for one more leg to complete the 4th wave. length of 4th wave almost equal to length of wave 2. When Wave 2 is diagonal than wave 4 is sharp down or visa a versa. So lets see if theory and indicators are proving it or BTC will give a surprise. In my opinion BTC has no brain, its human who feed the data to bots. Fib is math, Elliot is human...
Morning chaps, I was looking into some historic divergences occurs on RSI around 30% (+-3%) and have found some very interesting data which shows that the tide has already been changed. Have a look, zoom out the chart to find the exact occurrence. Bullish divergence on RSI 30% 1. at RSI 26.195% on 14/08/2016 - price jumps from $564.3 to $1300 2. at RSI 28.970%...
BTC forming bullish RSI divergence at 2 HR, be careful bears....
on daily chart of BTC, RSI forming bullish divergence, clearly showing on 30/03/2018 and 01/04/2018... keep an eye on today's closing candle as it looks it will close above the trend line.... Bears, its time to turn Bullish ? Experts, please correct if i am wrong, you guys are more than welcome.
on 4H chart, BTC looking very bullish, getting ready for breakout and forming wave 3 as per my opinion.
Transforming bears into bulls ? Cross the junction smoothly to keep having golden eggs, no need to kill the chicken.... :)
In my opinion, BTC is finalising its last leg C of wave 2 and getting ready for wave 3. I am not an expert so please correct me if i am missing any wave here.